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Spotted an interesting token on Meteora's Solana DEX - $TBY is showing some unusual metrics worth noting.
Here's what caught my attention: The token's sitting at an $8.3M market cap, but here's the kicker - liquidity is only around $7. Yeah, you read that right. Trading volume? Completely flat at $0 for both buys and sells over the last 24 hours.
This kind of setup screams extreme caution. When you've got an 8-figure valuation backed by single-digit liquidity and zero trading activity, it's basically a red flag parade. Could be a freshly deployed token, could be something else entirely.
Anyone else tracking this? Curious what the story is here.