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Just discovered an interesting token on Raydium: $scihub runs on Solana.
The 24h figures look quite asymmetric – buying volume is around $2,024, while sales only reach $17. Crazy ratio, right?
Liquidity is currently about $12,063, market capitalization is around $207,323.
Typical pattern for a fresh launch – high buying interest, little selling pressure. We'll see if this holds or if the first profit-taking occurs.
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The pattern has formed, but the high concentration of chips is a major problem.
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Liquidity is only 12,000, and it's hard to even run away.
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The biggest fear of launching new coins is this kind of false prosperity. Let's wait and see if there will be a dump.
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A $207k market cap is rising so aggressively, indicating the whales are eating up the supply, while retail investors are still chasing the rise.
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No interesting support levels seen, temporarily observing.
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This wave of sentiment is overheated; RSI is likely already overbought.
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Selling volume is only $17? I actually see this as a warning sign.
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Most new coins on Raydium follow this rhythm; few will survive until next week.