Spotted an interesting data point on Solana today. There's this token called Whallah making some moves - 24-hour buy volume hit $68.7K while sells came in at $64.7K. Pretty tight spread there.
What's wild? Market cap sitting at just under $15K with zero reported liquidity. Yeah, you read that right. Classic pump.fun launch vibes - all action, no depth.
The buy-sell ratio looks almost balanced, but that MC-to-volume ratio is absolutely cooked. Over 4.5x the market cap traded in a single day with no liquidity pool backing it up.
Anyone else tracking these micro-cap Solana launches? The velocity on some of these things is genuinely nuts.
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LayoffMiner
· 12-05 04:59
The market cap and trading volume differ so much, it's obviously inflated. Just waiting to get dumped on.
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WhaleWatcher
· 12-05 04:58
The market cap and volume are so disproportionate; it's either a pump or a rug pull.
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RektButAlive
· 12-05 04:53
Oh my, these numbers are just insane. A 15k MC but 133k in daily trading… Isn’t this the textbook definition of pump and dump?
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DuskSurfer
· 12-05 04:43
MC is only 15k and it's already this crazy? 4.5x leveraged daily trading with zero liquidity is just asking for trouble.
Spotted an interesting data point on Solana today. There's this token called Whallah making some moves - 24-hour buy volume hit $68.7K while sells came in at $64.7K. Pretty tight spread there.
What's wild? Market cap sitting at just under $15K with zero reported liquidity. Yeah, you read that right. Classic pump.fun launch vibes - all action, no depth.
The buy-sell ratio looks almost balanced, but that MC-to-volume ratio is absolutely cooked. Over 4.5x the market cap traded in a single day with no liquidity pool backing it up.
Anyone else tracking these micro-cap Solana launches? The velocity on some of these things is genuinely nuts.