Spotted a new token on Base chain - $RIPS just popped up on a DEX aggregator.
Running on Uniswap (Base network). Here's what the numbers look like:
24h volume? Dead silent. Zero buys, zero sells. Liquidity sitting at $2 (yeah, you read that right) Market cap: $271K
Extremely low liq with that MC is... interesting. Could be super early or a honeypot situation. The zero volume is a red flag tbh.
Anyone else seeing this? DYOR before touching anything with these metrics.
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SchrodingerGas
· 6h ago
$2 Liquidity 271k market capitalization? This is a classic case of price discovery failure, with no trading Depth at all making it impossible to dump. From a game theory perspective, this is a standard Liquidity Trap.
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ReverseTrendSister
· 6h ago
Liquidity two dollars? Haha I laughed, isn't this a textbook level honeypot?
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GweiWatcher
· 6h ago
Liquidity is only 2 dollars? This is definitely a honeypot, no doubt about it.
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BlockchainArchaeologist
· 6h ago
Liquidity only 2 dollars? How outrageous is that, honeypot warning.
Spotted a new token on Base chain - $RIPS just popped up on a DEX aggregator.
Running on Uniswap (Base network). Here's what the numbers look like:
24h volume? Dead silent. Zero buys, zero sells.
Liquidity sitting at $2 (yeah, you read that right)
Market cap: $271K
Extremely low liq with that MC is... interesting. Could be super early or a honeypot situation. The zero volume is a red flag tbh.
Anyone else seeing this? DYOR before touching anything with these metrics.