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Spotted some interesting action on a Solana meme token today - $Quakerjak is showing decent momentum.
Here's what the numbers look like:
• Buy volume in the last 24H hit $15,886
• Sell pressure came in at $15,185
• Liquidity pool sitting at $25,560
• Current market cap: $64,124
The buy-sell ratio is pretty balanced, which could mean accumulation phase or just sideways trading. Liquidity depth is moderate relative to the market cap - about 40% which isn't terrible for a micro-cap play.
Anyone else tracking this one? Always curious what the community thinks when volumes spike on these lower cap gems. DYOR obviously, but the metrics are there if you want to dig deeper.