Spotted something interesting on Solana today - a token called SPONGEBOB running on Orca.
The numbers tell a curious story: 24-hour buy volume sitting at just $17 with literally zero sells. Liquidity pool holds $343, while market cap floats around $51,956.
That buy-sell ratio is... well, let's just say it's unusual. Either this is extremely early stage or nobody's figured out the exit yet. The low liquidity means even modest trades could swing this pretty hard.
Not financial advice obviously, but these lopsided metrics always make me wonder what's happening behind the scenes. Anyone else tracking this one?
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NullWhisperer
· 12-05 00:04
zero sells on $17 volume? that's not early stage, that's a potential liquidity trap waiting to happen. technically speaking, those numbers scream "exit liquidity" from a mile away
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BlockchainFries
· 12-04 23:47
Zero sell? How the heck do you exit like this... Be careful not to get stuck holding the bag.
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BrokenYield
· 12-04 23:44
lmao $17 buy volume with a $51k market cap? that's not early stage, that's a liquidity trap waiting to happen. classic pump setup
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MeaninglessApe
· 12-04 23:43
Buying volume at $17 with zero sales... How many people have to be stuck holding for this data to show up, haha.
Spotted something interesting on Solana today - a token called SPONGEBOB running on Orca.
The numbers tell a curious story: 24-hour buy volume sitting at just $17 with literally zero sells. Liquidity pool holds $343, while market cap floats around $51,956.
That buy-sell ratio is... well, let's just say it's unusual. Either this is extremely early stage or nobody's figured out the exit yet. The low liquidity means even modest trades could swing this pretty hard.
Not financial advice obviously, but these lopsided metrics always make me wonder what's happening behind the scenes. Anyone else tracking this one?