Just spotted some unusual activity on a Solana token called $TROLL running through Meteora's DEX infrastructure.

The numbers tell an interesting story here. Over the past 24 hours, buying pressure has been completely absent—literally zero volume on the buy side. Meanwhile, sellers moved $44 worth of tokens. Not exactly a selling stampede, but the asymmetry is notable.

What really catches attention is the liquidity-to-market-cap ratio. There's roughly $9.1K in liquidity backing a $50M market cap. That's a pretty thin cushion—about 0.018% liquidity depth. For context, healthy tokens typically maintain at least 2-5% liquidity relative to their valuation.

This setup could mean a few things: either early holders are sitting tight waiting for momentum, or the token's price discovery mechanism is operating in a fragile zone where small trades could trigger disproportionate swings.

Anyone tracking micro-cap Solana plays might want to keep this one on their radar—not as financial advice, just as a data point worth monitoring.