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I just discovered an interesting token on Meteora (Solana): $NOTHING
The numbers from the last 24 hours look wild:
- Purchase volume: just $1
- Sales volume: $0 ( yeah, really zero )
- Liquidity is at $1,217
- Market capitalization: $1,211,110
Crazy ratio between MC and actual trading volume. Almost no movement, but the valuation is already over a million. A typical pattern with fresh launches or completely illiquid tokens.
Anyone trading such tokens should be extremely cautious โ with this volume, it's practically impossible to exit if things turn sour.