Spotted something interesting on DEXScreener today - $IPO token showing some activity worth noting.

Running on Uniswap's Ethereum network, this one's putting up some numbers. Over the past 24 hours, buy-side volume hit $66,981 while sells came in at $50,135. That's a positive flow of roughly $16.8K, which isn't massive but shows more accumulation than distribution.

The liquidity pool sits at $84,039 - not exactly deep, but enough to handle moderate-sized trades without brutal slippage. Market cap's currently around $69,508, placing this firmly in micro-cap territory.

What catches my eye? The buy-to-sell ratio. When buys outpace sells by that margin in a low-cap token, it sometimes signals early positioning before wider discovery. Or it could just be a couple of wallets playing hot potato.

Liquidity-to-MC ratio is roughly 1.2:1, which means the pool's actually bigger than the market cap itself - unusual but not unheard of in newly launched tokens. Could indicate strong initial backing or simply early-stage price discovery.

No financial advice here, just raw data. In this market, tokens with sub-$100K caps can 10x overnight or disappear just as fast. The Ethereum network means gas fees matter, so factor that into any potential moves.

Anyone else tracking this one? What's the narrative behind $IPO?