The Elephant King (KAWANTHISSA) Climbs 140.0% on a 1.1 Hours-old Pool With No Track Record to Assess
Participation Event
In the last hour, there were 1,337 transactions involving The Elephant King (KAWANTHISSA), significantly higher than typical trading activity. This surge in transactions is notable given that the trading pair is only 1.1 hours old, meaning all price levels have been established within this short timeframe.
- Pair maturity: 1.1 hours
- Liquidity depth: $99,396
Transaction Breakdown
Out of the total transactions, 779 were buys and 558 were sells, indicating a relatively balanced order flow with 42% of the trades being sells. This distribution suggests that while there is strong buying interest, selling pressure remains present.
Market Activity
The trading volume over the past 24 hours reached approximately $356,963, translating to a volume that is 3.6 times the available liquidity of $99,396. This turnover rate is considered normal, reflecting active trading conditions.
Liquidity Profile
The liquidity for The Elephant King stands at $99,396, which is 32.4% of its market cap of $306,790. This ratio is above the typical 17.5% for assets of this size, indicating a healthy liquidity profile.
Risk Note
This article is not financial advice. The current risk assessment indicates moderate risk due to the pair's short trading history and the potential for significant price movements in the early stages of trading.