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- Pin
Spotted an interesting movement on a Solana meme token lately. This PumpFun-launched coin has been showing some solid trading activity over the past day.
The numbers tell a story: buy-side volume hit around $118K while sells came in at roughly $107K in the last 24 hours. That's a pretty balanced flow, slightly favoring buyers. Current market cap sits at approximately $55K.
What caught my attention is the volume-to-market-cap ratio here. When daily trading volume nearly doubles the market cap, it usually signals either high speculation or genuine interest from traders looking for quick moves.
The liquidity situation seems limited though, which is typical for newer tokens on PumpFun. Worth noting for anyone considering entry points - thin liquidity can mean wider spreads and more volatility.
Anyone else tracking this one? The buy pressure seems to be holding steady for now.