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Spotted an interesting token on Solana today – $Purple just caught my attention on one of those DEX trackers.
Running on PumpFun platform. Here's what the numbers look like:
Contract: 628LDifvzdDmCvKnbSm8L3oLNLmGdX7amzNEtG7Wpump
Past 24 hours shows some activity:
• Buy volume hit $47.4K
• Sell side at $38.1K
• Market cap sitting around $38K
• Liquidity? Basically zero right now
That liquidity situation is obviously a massive red flag. The volume spread is kinda interesting though – more buying pressure than selling in the last day. But with no real liquidity backing it, this screams high risk.
Anyone else tracking micro-cap Solana memes? The PumpFun ecosystem keeps pumping out these tokens. Some moon, most rug. This one's got volume but the fundamentals are sketchy at best.
Not financial advice obviously. Just sharing what I'm seeing on-chain. DYOR before touching anything this volatile.