Memecoins Are So Back (MEMEBACK) Gains 370.0% but the Pair is Just 1.3 Hours Old, the Window in Which Most Failures Occur
Participation Event
In the last hour, there were 22,650 transactions involving the token "Memecoins Are So Back" (MEMEBACK). This figure represents a significant increase compared to previous trading periods, with 15,155 buys and 7,495 sells recorded during this timeframe.
- Pair maturity: 1.3 hours
- Volume vs liquidity: 24.0x
- Liquidity depth: $81,969
Transaction Breakdown
Of the total transactions, 15,155 were buys, while 7,495 were sells. This indicates a strong buy-side interest among traders.
Market Activity
The trading volume over the past 24 hours reached $1,968,588, with a price of $0.0008466 per MEMEBACK token. The volume is approximately 24 times the liquidity available, suggesting a high turnover of the same liquidity.
Liquidity Profile
The current liquidity stands at $81,968.71, which is workable for small positions but may impact larger orders significantly.
Risk Note
The overall risk assessment indicates elevated risk due to the pair's maturity of only 1.3 hours, as most catastrophic failures occur within the first day. This article does not constitute financial advice.