Greatest Meme Ever (GME) Slides 18.7% as Volume Runs 19.6x Its Liquidity, a Pattern Consistent With Wash Trading
Volatility Event
The price of Greatest Meme Ever (GME) traded between $0.001993 and $0.001629 during the hour, with a total of 188 transactions recorded. The liquidity for this trading pair was $107,771, while the volume over the past 24 hours reached $2,113,678, indicating a significant turnover that suggests a lack of orderliness in the price movement.
- Volume vs liquidity: 19.6x
- Liquidity depth: $107,771
What The Risk Data Shows
24h volume is 19.6x the pool's liquidity. The same liquidity is being turned over repeatedly, which can indicate wash trading or bot activity. The overall risk band is Moderate. Liquidity is 5.4% of market cap, close to the 5.8% typical at this size.
Trading Conditions
In the last hour, there were 98 buys and 90 sells, resulting in a roughly balanced order flow. This balance indicates a lack of strong directional pressure in the market.
Liquidity Context
The liquidity figure stands at $107,771, which is workable for small positions, but larger orders will move the price against you. This depth suggests a limited capacity to absorb significant trades without impacting the price.
Why This Was Flagged
- Price moved 18.7% in one hour (threshold: 15%)
- One-hour volume of $56,582 (threshold: $25,000)
- 188 trades in the last hour (threshold: 100)
- $107,771 of liquidity (threshold: $50,000)
- $1,993,389 market cap (threshold: $250,000)
- Trading pair 4 days old (threshold: 15 minutes)
Risk Note
This article does not constitute financial advice.