Spotted some interesting activity on $WOJAK running on Solana's Meteora protocol.
The numbers tell a story: 24-hour buy volume sitting at zero while sell-side hit $290. Liquidity pool holds around $25.9K, but the market cap? That's floating at $27.3M.
Quite the gap between liquidity and valuation there. The sell pressure without corresponding buys caught my attention – could indicate early holders taking profits or something shifting beneath the surface.
Anyone else tracking this one? The liquidity-to-MC ratio seems stretched thin for comfort.
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GasFeeNightmare
· 13h ago
This liquidity is too risky.
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GasFeeBeggar
· 13h ago
This round is going to fleece retail investors again.
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OnchainHolmes
· 14h ago
Be cautious of abnormal data and potential sell-offs
Spotted some interesting activity on $WOJAK running on Solana's Meteora protocol.
The numbers tell a story: 24-hour buy volume sitting at zero while sell-side hit $290. Liquidity pool holds around $25.9K, but the market cap? That's floating at $27.3M.
Quite the gap between liquidity and valuation there. The sell pressure without corresponding buys caught my attention – could indicate early holders taking profits or something shifting beneath the surface.
Anyone else tracking this one? The liquidity-to-MC ratio seems stretched thin for comfort.