Caught something interesting on Solana's Meteora today — a token called Snowball showing some activity worth noting.
The 24-hour numbers paint a picture: buy-side volume hit $75,436 while sells came in at $68,872. That's a decent buy-sell ratio. Liquidity pool's sitting at $31,599, and market cap clocked in around $135,312.
The buy pressure slightly outweighing sells might catch some traders' eyes, though with that liquidity depth you'd want to factor in slippage on bigger moves. Typical micro-cap dynamics — high risk, high reward potential if momentum builds.
Anyone else tracking low-cap Solana plays right now? The DEX data's been wild lately.
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nft_widow
· 12h ago
nah this liquidity pool is kinda sus tbh, $31k ain't gonna save u from getting rekt on any real volume
Reply0
DeepRabbitHole
· 12-05 02:38
The buying pressure is slightly higher... This liquidity depth really can't withstand large orders. It's the same old trick of micro-exchanges: if you bet right, you make a killing; if you bet wrong, you go bankrupt.
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consensus_whisperer
· 12-05 02:25
The liquidity of Snowball is too shallow; even a slightly large order will cause significant slippage, which could be devastating. The risk premium needs to be heavily discounted.
Caught something interesting on Solana's Meteora today — a token called Snowball showing some activity worth noting.
The 24-hour numbers paint a picture: buy-side volume hit $75,436 while sells came in at $68,872. That's a decent buy-sell ratio. Liquidity pool's sitting at $31,599, and market cap clocked in around $135,312.
The buy pressure slightly outweighing sells might catch some traders' eyes, though with that liquidity depth you'd want to factor in slippage on bigger moves. Typical micro-cap dynamics — high risk, high reward potential if momentum builds.
Anyone else tracking low-cap Solana plays right now? The DEX data's been wild lately.