MEME (MEME) Climbs 242.0% on $100,277 of Liquidity, Too Thin to Absorb a Sizeable Sell
Participation Event
In the last hour, there were 435 transactions involving the MEME token, with 237 buys and 198 sells. This trading activity represents a notable increase compared to the previous hour, where trading volume was significantly lower.
- Liquidity depth: $100,277
Transaction Breakdown
Of the 435 transactions, 237 were buy orders while 198 were sell orders. This indicates a relatively balanced order flow, with approximately 46% of the transactions being sells.
Market Activity
The trading volume over the last 24 hours reached $615,070, which is 6.1 times the liquidity available. The price of MEME is currently at $0.0007201, reflecting a significant increase of 242% in the past hour.
Liquidity Profile
The liquidity for the MEME token stands at $100,277. This liquidity level is workable for small positions, but larger orders may impact the price negatively.
Risk Note
This article does not constitute financial advice. The liquidity depth is a critical factor to consider when trading MEME, as larger orders can move the price against you.