I saw something interesting on the DEX tracker today – there is this token called MEOW operating on the Meteora protocol of Solana which shows some unusual activity.
The numbers are interesting: the purchase volume over 24 hours is $304 with no selling volume. Yes, you read that right – $0 in sales. The liquidity pool holds about $31,000, and the market value is around $82,000.
Now, this pattern screams paid promotion or coordinated buying. When you see all purchases and no sales in a 24-hour window, it is either a very new launch with early believers flocking in, or someone is trying to color the chart.
The liquidity to market cap ratio is actually good at around 38%, which is not bad for small cap. But that gap between buying and selling? That's the red flag here.
Of course, this is not financial advice, but these settings usually develop in one of two ways: either they pump quickly and then retrace as soon as the promotional budget runs out, or there is a real early appeal that has not yet reached the selling pressure. Considering the sub-market cap-$100K , this is deep degen territory.
Is there anyone else tracking small market cap Solana games? This MEOW case might be worth following just to see how it develops over the next few days.
$GT
The numbers are interesting: the purchase volume over 24 hours is $304 with no selling volume. Yes, you read that right – $0 in sales. The liquidity pool holds about $31,000, and the market value is around $82,000.
Now, this pattern screams paid promotion or coordinated buying. When you see all purchases and no sales in a 24-hour window, it is either a very new launch with early believers flocking in, or someone is trying to color the chart.
The liquidity to market cap ratio is actually good at around 38%, which is not bad for small cap. But that gap between buying and selling? That's the red flag here.
Of course, this is not financial advice, but these settings usually develop in one of two ways: either they pump quickly and then retrace as soon as the promotional budget runs out, or there is a real early appeal that has not yet reached the selling pressure. Considering the sub-market cap-$100K , this is deep degen territory.
Is there anyone else tracking small market cap Solana games? This MEOW case might be worth following just to see how it develops over the next few days.
$GT
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