An interesting new exchange token has appeared in the Meteora ecosystem. The market data for
$MON reveals quite a serious situation:
The 24-hour trading statistics look as follows: purchases amounted to around $27,222, while sales were about $10,673. Liquidity stands at $57,549, providing some form of stability for a smaller investor group.
The market cap is currently at $397,506. This is a smaller mover, but still a decent subject for those closely following the development of the Solana chain.
It's that classic small find on the exchange — either it gets canceled or it dies. It's worth watch