An interesting phenomenon is currently being observed on Solana: The token $USELESS is showing extremely unusual trading patterns.
The on-chain data from the last 24 hours speaks volumes – practically zero buying volume, while one dollar of selling pressure was recorded. What really stands out? The liquidity is exactly zero, while the market cap hovers somewhere around 189 million dollars.
Such numbers naturally raise questions. A market cap of this magnitude without any liquidity? That smells like a classic low-liquidity trap or a possible pump scheme.
When dealing with DEX projects on Solana, one should generally keep an eye on the liquidity situation before embarking on any adventures. Tokens with such discrepancies between valuation and actual market depth are often red flags.
Typical pattern: inflated market caps due to low circulating supply or manipulated prices, while genuine trading volume and exit liquidity are lacking. Those who are not careful here can quickly find themselves in a trap.
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TommyTeacher
· 11-24 05:26
zero liquidity, 189m mcap... This is just ridiculous, classic paper wealth.
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0xLostKey
· 11-22 03:51
lmao $USELESS is really called that, and it turns out the data is actually pretty useless too... 0 liquidity and a $189M market cap, how is this even supposed to work?
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OnChainSleuth
· 11-22 03:31
Zero liquidity, $189 million market cap? The name totally fits, haha.
An interesting phenomenon is currently being observed on Solana: The token $USELESS is showing extremely unusual trading patterns.
The on-chain data from the last 24 hours speaks volumes – practically zero buying volume, while one dollar of selling pressure was recorded. What really stands out? The liquidity is exactly zero, while the market cap hovers somewhere around 189 million dollars.
Such numbers naturally raise questions. A market cap of this magnitude without any liquidity? That smells like a classic low-liquidity trap or a possible pump scheme.
When dealing with DEX projects on Solana, one should generally keep an eye on the liquidity situation before embarking on any adventures. Tokens with such discrepancies between valuation and actual market depth are often red flags.
Typical pattern: inflated market caps due to low circulating supply or manipulated prices, while genuine trading volume and exit liquidity are lacking. Those who are not careful here can quickly find themselves in a trap.