Interesting movement seen today at $LUNA on Solana. The 24-hour volume looks quite active – purchases are around 60K Dollar, sales are about 53K. So there is slightly more buying pressure than sales, which is not bad.
However... the liquidity shows zero. Completely dry. With a market capitalization of just under 29K, this is definitely a warning sign. Such setups can become extremely volatile, as even smaller trades could massively move the price.
The project runs on PumpFun, so presumably it's a newer meme token or community launch. Anyone getting involved should be aware: Without liquidity, it can go up quickly – but just as quickly crash. Classic high-risk scenario on the Solana chain.
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NFTArtisanHQ
· 12-02 03:11
zero liquidity tho... that's where the aesthetics of pump mechanics collide with brutal tokenomics reality. reminds me of how duchamp deconstructed the readymade—except here the readymade is literally evaporating mid-transaction
Reply0
AirdropFreedom
· 12-01 19:27
Zero liquidity? This thing is just a landmine, haha.
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bridge_anxiety
· 12-01 19:24
Liquidity is 0? This is purely a landmine, no amount of buying pressure will help.
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BankruptWorker
· 12-01 19:23
Liquidity is 0? This is ridiculous, isn't this just a minefield? Haha
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SchrodingerWallet
· 12-01 19:21
Liquidity is zero? This is definitely a landmine, buying at 60K looks great, but it can trap you in a moment.
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HashBard
· 12-01 19:18
zero liquidity is basically asking for a rug pull tragedy... the buy/sell ratio's cute but that's like admiring the paint job on a house with no foundation, ngl
Interesting movement seen today at $LUNA on Solana. The 24-hour volume looks quite active – purchases are around 60K Dollar, sales are about 53K. So there is slightly more buying pressure than sales, which is not bad.
However... the liquidity shows zero. Completely dry. With a market capitalization of just under 29K, this is definitely a warning sign. Such setups can become extremely volatile, as even smaller trades could massively move the price.
The project runs on PumpFun, so presumably it's a newer meme token or community launch. Anyone getting involved should be aware: Without liquidity, it can go up quickly – but just as quickly crash. Classic high-risk scenario on the Solana chain.