Just saw $GLONK, a Solana token, on Meteora—its data is pretty interesting.
In the past 24 hours, buy orders totaled $22,500, and sell orders were $18,800, so buying pressure is a bit stronger. The liquidity pool is currently around $26,000, with a market cap just over $90,000.
From the trading volume, it’s within the normal fluctuation range for a small-cap new token, and the buy/sell ratio is still healthy. However, liquidity is relatively thin compared to the market cap, so watch out for slippage when trading. If you’re interested, do your own research and check the on-chain data.
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TheMemefather
· 12-05 15:04
Daring to enter with such thin liquidity? The slippage could make you doubt your life choices.
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CoconutWaterBoy
· 12-04 18:54
The liquidity is so thin, you'll probably face quite a bit of slippage. DYOR is correct, but you still need to be careful.
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TideReceder
· 12-04 18:40
With liquidity this thin, the slippage must be terrifying... It's easy to get into small-cap coins but hard to get out.
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MetaverseLandlady
· 12-04 18:31
With such thin liquidity, slippage might eat up half the profits.
Just saw $GLONK, a Solana token, on Meteora—its data is pretty interesting.
In the past 24 hours, buy orders totaled $22,500, and sell orders were $18,800, so buying pressure is a bit stronger. The liquidity pool is currently around $26,000, with a market cap just over $90,000.
From the trading volume, it’s within the normal fluctuation range for a small-cap new token, and the buy/sell ratio is still healthy. However, liquidity is relatively thin compared to the market cap, so watch out for slippage when trading. If you’re interested, do your own research and check the on-chain data.