Pai 🌲|Oct 11, 2026 01:14
MINA's September 8th upgrade really went live on the mainnet
On the day of the upgrade, it closed at $0.081
Four weeks later, it touched $0.17
In the past three days, half of that gain has been given back
Now it's at $0.089
From the low on August 12th, it went up 4.5x in the middle
The reason for the pump was this upgrade
Mainnet blocks got faster, app capacity was unlocked
What brought it back down was leverage
During those days, contract trading volume was more than 5x spot trading
Price kept dropping, and open interest went from over 5 million to over 9 million
The upgrade is real, the mainnet is still running
Address count is still growing
But I think this wave was leverage-driven
It didn’t climb up on its own
MEDIA:/Users/pai/Downloads/MINAUSDT_2026-10-11_08-43-03.png
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