The recent performance of the BTP token in the Solana ecosystem has been very hot. The current market cap is approximately $0.9M, with a price around $0.00093, and a 24-hour increase of 59%. The trading volume of $18.6M is about 20 times the market cap, which is worth paying attention to. However, liquidity is only $161K, which is relatively low.
From the order flow perspective, buy orders account for 53%, sell orders for 47%, showing clear signs of retail-driven activity. Recently, 5 new addresses each purchased between $60 and $1.2K worth of tokens, indicating inflows of additional funds.
But caution is needed regarding high turnover rates and liquidity risks. Although retail enthusiasm is high, the actual position stability remains to be observed. When trading such projects, it is recommended to closely monitor wallet address changes and set strict stop-loss levels, especially in cases of relatively low liquidity.
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DAOplomacy
· 16h ago
ngl the 20x volume-to-mcap ratio is giving classic rug preconditions... arguably the real question here isn't whether retail fomo holds, but whether those 5 new addresses represent genuine conviction or just another wave of path-dependent capital chasing momentum. the liquidity constraints alone suggest non-trivial execution risks if this unwinds.
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FOMOSapien
· 12-26 22:54
The volume and price are seriously diverging, with 20 times the volume and a market cap of 0.9M... You better be cautious.
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ProposalDetective
· 12-26 22:51
A 59% increase looks great, but the liquidity is only 161K... This thing carries a bit of risk.
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blocksnark
· 12-26 22:51
A 59% increase looks tempting, but with only 161K in liquidity? That's definitely a trap signal.
The divergence between price and volume is outrageous; beware of a leek-cutting scheme.
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NFT_Therapy_Group
· 12-26 22:50
Damn, the liquidity is so weak, 20x volume is terrifying
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The feeling of retail bottom-fishing... Can this wave hold up? Doubtful
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It's the same old trick, pump first, then dump. I bet five bucks it will go to zero next week
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New addresses entering? Again, it's the small accounts of whales having fun
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A 59% increase sounds great, but with such low liquidity, are you really going all in?
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What’s the use of 53% of the buy orders? The real whales aren’t even here
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It’s always like this, no matter how big the volume, it can’t save the death spiral
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I just want to know whose money these five new addresses belong to
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Another new coin in the Solana ecosystem? Forget it, let’s see how it goes
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SillyWhale
· 12-26 22:50
A 59% surge with such a fierce increase, and liquidity is only 161K... This is a big trap, don't touch it.
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LiquidityOracle
· 12-26 22:46
Liquidity 161K, trading volume 18.6M... This ratio is outrageous, one misstep and you'll get stuck forever.
The recent performance of the BTP token in the Solana ecosystem has been very hot. The current market cap is approximately $0.9M, with a price around $0.00093, and a 24-hour increase of 59%. The trading volume of $18.6M is about 20 times the market cap, which is worth paying attention to. However, liquidity is only $161K, which is relatively low.
From the order flow perspective, buy orders account for 53%, sell orders for 47%, showing clear signs of retail-driven activity. Recently, 5 new addresses each purchased between $60 and $1.2K worth of tokens, indicating inflows of additional funds.
But caution is needed regarding high turnover rates and liquidity risks. Although retail enthusiasm is high, the actual position stability remains to be observed. When trading such projects, it is recommended to closely monitor wallet address changes and set strict stop-loss levels, especially in cases of relatively low liquidity.