An interesting token is emerging on Solana – there's a lot of activity currently happening on Raydium. In the past 24 hours, buy volume stands at around $590, while the sell side is at about $383. Liquidity is settling just above $5,000, and the market capitalization is currently around $3,062.
For those keeping an eye on such early-phase projects: the imbalance between buy and sell pressure could indicate growing interest. However, caution is advised at this scale – small liquidity pools mean high volatility. If you want to take a closer look at the chart, you can find the project under the ticker $xmasduties on the usual DEX trackers.
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BTCRetirementFund
· 12-06 14:08
$590 buy orders vs $383 sell orders, that's an interesting ratio... That's how it is with small pools—a gust of wind can stir things up.
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TokenomicsShaman
· 12-06 14:07
lmao $590 buy pressure vs $383 sell pressure, you call that interest? Looks to me like bag holders are desperately buying the dip...
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HorizonHunter
· 12-06 14:06
590 buy orders vs. 383 sell orders, that ratio is pretty interesting, but with only $5,000 in liquidity, it’s really too fragile.
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DefiVeteran
· 12-06 14:02
Lol, it's another one of those micro exchanges. $590 buy pressure vs $383 sell pressure, and only $5k in liquidity? This is the prelude to a rug, bro.
Don't touch it. My gut tells me this thing won't last long.
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ForkTrooper
· 12-06 13:45
The spread is only a little over $200? With such low liquidity, you need to have a really strong heart.
An interesting token is emerging on Solana – there's a lot of activity currently happening on Raydium. In the past 24 hours, buy volume stands at around $590, while the sell side is at about $383. Liquidity is settling just above $5,000, and the market capitalization is currently around $3,062.
For those keeping an eye on such early-phase projects: the imbalance between buy and sell pressure could indicate growing interest. However, caution is advised at this scale – small liquidity pools mean high volatility. If you want to take a closer look at the chart, you can find the project under the ticker $xmasduties on the usual DEX trackers.