The Solana network is seeing interesting activity with a memetoken called COCO. On-chain data from the past 24 hours shows a buy volume of around $54,259, while the sell volume is approximately $49,710. This ratio indicates slight buying pressure.

However, the project currently lacks any liquidity, which poses a significant risk for traders. The market capitalization is just under $17,000. Extreme caution is advised with such micro-cap projects—insufficient liquidity can lead to extreme price fluctuations and severely limit exit opportunities.

Anyone dealing with highly speculative Solana memetokens should definitely keep an eye on the liquidity situation. Projects without sufficient liquidity reserves can quickly result in a total loss.