Spotted something interesting on Solana's Meteora protocol today. The token $RQN has been showing some movement worth noting.
Here's what caught my attention: 24-hour buy volume hit $28,513 while sell pressure came in at $23,049. That's a decent buy-to-sell ratio right there. Current liquidity sits around $29,375 with market cap at $116,972.
Contract address for anyone tracking: mZNyTivSGnrJ7f2cpnzx8GsdRvQZXUQfwTsp5wWdaos
The numbers suggest more accumulation than distribution in the past day. Liquidity might be on the thinner side relative to trading volume, something to keep in mind if you're watching this one. Always fascinating how these smaller cap tokens move on Solana – fast chains, faster price action.
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unrekt.eth
· 12-05 15:02
The buy-sell ratio looks good, but this liquidity... hmm, better be careful.
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MemeCurator
· 12-05 02:55
The buy-sell ratio looks good, but with such low liquidity? Be careful of price manipulation.
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GateUser-a180694b
· 12-05 02:53
The buy-sell ratio is okay, but the liquidity is too thin, making it easy to crash the price.
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CryptoSurvivor
· 12-05 02:51
The buy-sell ratio looks good, but with such low liquidity, be careful of a price crash.
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MondayYoloFridayCry
· 12-05 02:49
The buy-sell ratio is okay, but this liquidity is way too stingy.
Spotted something interesting on Solana's Meteora protocol today. The token $RQN has been showing some movement worth noting.
Here's what caught my attention: 24-hour buy volume hit $28,513 while sell pressure came in at $23,049. That's a decent buy-to-sell ratio right there. Current liquidity sits around $29,375 with market cap at $116,972.
Contract address for anyone tracking: mZNyTivSGnrJ7f2cpnzx8GsdRvQZXUQfwTsp5wWdaos
The numbers suggest more accumulation than distribution in the past day. Liquidity might be on the thinner side relative to trading volume, something to keep in mind if you're watching this one. Always fascinating how these smaller cap tokens move on Solana – fast chains, faster price action.