It has been noticed that a token called $BUTT on the Solana chain has recently experienced trading volatility on Meteora DEX.



Data from the past 24 hours shows: buy volume is $118, sell volume is $283, with selling pressure significantly outweighing buying interest. The current liquidity pool is only $500, and the market cap is about $788,000.

This ratio of liquidity to trading volume is worth paying attention to; small pools tend to fluctuate more dramatically. The sell volume is 2.4 times the buy volume, so there may be continued selling pressure in the short term. Those doing ultra-short-term trades should keep an eye on changes in capital flow.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
LayerZeroJunkievip
· 12-07 04:05
Such a small liquidity pool, the selling pressure is almost 2.4 times higher. No wonder the volatility is so fierce; you can't buy the dip here.
View OriginalReply0
SocialAnxietyStakervip
· 12-07 04:04
With such heavy selling pressure, a small pool is bound to get dumped. You have to be mentally prepared when playing this kind of game.
View OriginalReply0
VitalikFanboy42vip
· 12-07 04:01
With such aggressive selling in this small pool, I don't dare to touch it. Let's wait and see.
View OriginalReply0
0xSoullessvip
· 12-07 03:44
The sell volume is 2.4 times the buy volume? Isn't this just the big players cashing out while the retail investors are still analyzing fund flows?
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)