Hey, did you see what happened with BAY? The coin shot up 44.8% in 24 hours without anyone really knowing why. It rebounded from $0.024153 to $0.03498 and is now around $0.034188. Pretty crazy considering there’s no news to justify it.

The strange thing is that this coin doesn’t have much volume ( it’s around $200k-$300k in 24h according to the data ), so basically it’s the typical behavior of tokens with low liquidity. Any speculative movement is amplified to the maximum. Some say it could be people playing with meme tokens on Solana, like what happens with pump.fun, but nothing confirmed.

The community on X is optimistic in the short term about this type of Solana coins, but serious analysts warn that this is high risk. The top 10 holders already own 25% of the supply, so there’s a lot of concentration. What everyone keeps saying is to watch out for on-chain transactions because with such a small coin and no liquidity, everything can change overnight. Personally, I’d be monitoring closely before putting money into something like this.