There is a Token $Quesón on the Solana on-chain that has some interesting data recently. In the past 24 hours, the buying pressure was $43,735 and the selling pressure was $37,712, with buyers slightly ahead. However, the liquidity is shown as zero and the market capitalization is stuck at $23,486—such a scale of coin fluctuation can be quite severe.
The liquidity of such small-cap coins is almost zero, basically relying on sentiment and retail investors' speculation to support it. The data shows that the buying volume is greater than the selling volume, but there is no deep support, and a reversal could happen at any time. One must be mentally prepared for a total loss when dealing with such assets.
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CrossChainMessenger
· 12-01 04:49
Zero liquidity? Isn't this just a game of pass the parcel? Sooner or later, someone has to take the last stick.
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FomoAnxiety
· 12-01 04:48
Liquidity is 0? Isn't this just a game of passing the buck? Whoever takes the last turn is doomed.
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CoffeeNFTs
· 12-01 04:45
Zero liquidity? Isn't this just a wall-building strategy? If you buy too much, you still can't get out. Playing with a coin with a market capitalization of 23k, how bold are you?
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GasWastingMaximalist
· 12-01 04:33
Liquidity is zero? Isn't this just a prelude to a rug... The buying volume looks large but lacks depth, it feels like a few retail investors are just catching a falling knife with each other.
There is a Token $Quesón on the Solana on-chain that has some interesting data recently. In the past 24 hours, the buying pressure was $43,735 and the selling pressure was $37,712, with buyers slightly ahead. However, the liquidity is shown as zero and the market capitalization is stuck at $23,486—such a scale of coin fluctuation can be quite severe.
The liquidity of such small-cap coins is almost zero, basically relying on sentiment and retail investors' speculation to support it. The data shows that the buying volume is greater than the selling volume, but there is no deep support, and a reversal could happen at any time. One must be mentally prepared for a total loss when dealing with such assets.