Elon Coin (ELON) Records Elevated Volume Relative to Market Cap on Solana
Risk Overview
Elon Coin currently presents an elevated risk level, driven primarily by its trading volume relative to liquidity. The 24-hour trading volume of $3,875,625 significantly exceeds the liquidity of $92,389, indicating potential volatility in market behavior.
- Volume vs liquidity: 41.9x
- Pair maturity: 13.4 hours
- Liquidity depth: $92,389
Liquidity Assessment
The liquidity figure stands at $92,389. Liquidity is 10.0% of market cap, close to the 9.3% typical at this size. Workable for small positions, but larger orders will move the price against you.
Volume Assessment
The raw 24-hour volume is $3,875,625. The 24h volume is 41.9x the pool's liquidity. The same liquidity is being turned over repeatedly, which can indicate wash trading or bot activity.
Trading Behaviour
In the last hour, there were 2,000 buy transactions and 1,725 sell transactions, resulting in a buy/sell ratio of approximately 1.16. Transaction-level buy/sell data was not available.
Risk Note
This article does not constitute financial advice.