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On PumpFun, a Solana token called $cummies has appeared, showing interesting movements in the past 24 hours. The buy side is around $23,733, while about $17,510 has been traded on the sell side. The market capitalization is stabilizing at just over $24,000.
However, what immediately stands out is that liquidity is at zero. This is a massive red flag. Without liquidity, positions cannot be properly closed, and the risk of a rug pull increases significantly.
Extreme caution should be exercised with such PumpFun tokens on Solana. High volumes with no liquidity often indicate artificially pumped projects. Anyone getting involved should be aware of the enormous risks and only use capital they can afford to lose entirely.