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Spotted something brewing on Uniswap Base: $XARA token is showing some interesting on-chain activity. Here's what the numbers look like right now:
24H Trading Volume: Buy side hitting $126,478 while sell pressure sits at $102,650 - that's a decent buy/sell ratio favoring buyers. Liquidity pool at $71,132 looks pretty shallow for now, which means watch out for slippage if volume spikes. Current market cap stands at $93,758.
The buy volume outpacing sell volume is worth noting, though with this liquidity depth, any sudden move could swing hard either way. Typical early-stage token behavior on a smaller chain like Base.
Anyone else tracking this one? What's the narrative behind $XARA - is there actual utility or just early speculation?