This token's liquidity has fallen substantially since publication, to approximately $7,864. That is down 88% from the $68,065 reported when this article was published. The figures below describe conditions at the time of writing.
WETCOIN (WET) Records Elevated Volume Relative to Market Cap on Solana
Risk Overview
The current risk level for WETCOIN is elevated. This assessment is primarily driven by the significant disparity between trading volume and liquidity, which may indicate underlying market vulnerabilities.
- Volume vs liquidity: 34.0x
- Liquidity depth: $68,065
- Pair maturity: 1.1 days
Liquidity Assessment
WETCOIN has a liquidity figure of $68,065. Liquidity is 11.9% of market cap, close to the 12.4% typical at this size. The liquidity is workable for small positions, but larger orders will move the price against you.
Volume Assessment
The 24-hour trading volume for WETCOIN stands at $2,316,910. The volume is 34.0x the pool's liquidity, and the same liquidity is being turned over repeatedly, which can indicate wash trading or bot activity.
Trading Behaviour
In the last hour, there were 203 buy transactions and 121 sell transactions, resulting in a buy/sell ratio of approximately 1.68. Transaction-level buy/sell data was not available.
Risk Note
This article is not financial advice.