Logo/imagery courtesy of on-chain metadata providers.
Market Snapshot
The Solana-based token in focus operates at a price near $0.001 per unit, offering a micro-cap profile that often attracts speculative interest. With a reported market capitalization around $936,173, the asset sits in the micro-cap universe where liquidity, trade velocity, and crowd-driven momentum can swing quickly. The current price movement hints at downward pressure in recent windows, but this must be weighed against other signals in the data set.
Liquidity & Holders
Liquidity health is often a practical lens for traders evaluating potential slippage and order book depth. Here, liquidity sits at roughly $133,947, which, when compared to market cap, yields a liquidity-to-market-cap ratio of about 0.14 (roughly 14%). That places the token in a modest depth category: not a zero-liquidity flight, but far from a deep, robust market. For meme-driven projects, this suggests there is material depth to handle routine trades, yet large orders could still move the price more than in higher-cap assets.
On the holder side, about 1,500 addresses are listed as holders. That points to a growing community rather than a tiny, niche set of early adopters. In meme-coin dynamics, a growing holder base often accompanies more sustainable participation, but it can also widen the spread of sentiment across speculative and long-term players. The data’s “developing” age category reinforces that this is not a brand-new launch, but a project still shaping its on-chain identity.
Momentum Signals
Momentum indicators in the dataset show a nuanced narrative. Price percent changes across windows are slightly negative: around -0.39% over 1 hour, -0.44% over 4 hours, -0.30% over 12 hours, and -0.38% over 24 hours. The overall trend direction is labeled as falling, and a volatility index near 0.05 suggests modest price swings rather than extreme spikes. The volume momentum is described as cooling, which aligns with the price softness and a shift away from rapid, short-term hype toward a more measured trading rhythm.
Trading activity, measured by totalVolume, shows a 24-hour window of roughly 708,232 (units consistent with on-chain reporting). Over the same period, 2,139 transactions occurred, indicating ongoing participation. The split between buy and sell actions—1,324 buy transactions versus 815 sell transactions in the 24-hour frame—points to more buy-side activity on a per-transaction basis, even as the price trend remains cautionary. For readers tracking Solana memes, this pattern can reflect a crowd balancing between selling pressure and persistent interest from longer-horizon participants.
Age, Identity, and Social Context
Age-wise, the token is about 329 hours old, roughly two weeks and a half into its journey. The “Phoenix” social archetype and the descriptor of “explosive” meme energy capture the flavor of the community’s mood—lively, aspirational, and capable of dramatic turnarounds in sentiment. The enrichment narrative emphasizes a developing token with strong liquidity and explosive momentum that’s currently navigating a downtrend. This combination—palpable hype, a growing base, and measured on-chain depth—illustrates the tension between speculative enthusiasm and practical market mechanics.
What the Numbers Mean
In meme-coin ecosystems, a few recurring themes emerge from data like this:
- Price context and risk: A sub-cent price level often correlates with high susceptibility to volatility and sudden swings driven by crowd sentiment rather than fundamentals.
- Market depth and liquidity: A modest liquidity pool relative to market cap can lead to noticeable price impact on mid-sized orders, so traders should consider order sizing and potential slippage.
- Community dynamics: A growing holder base signals expanding participation, but the distribution of ownership matters—are holdings concentrated among a few wallets or more broadly dispersed?
- Momentum and risk cycles: A falling trend with cooling volume can reflect repositioning by traders or a temporary lull after a hype cycle; it does not imply a guaranteed outcome.
- Age and maturity: A token in the “developing” stage may still be refining tokenomics, liquidity provisioning, and community governance, all of which can influence future behavior.
Reading these signals together helps contextualize why a price move happens: liquidity depth, the current mood of buyers versus sellers, and how many participants are active at any given moment. The combination of solid liquidity, a growing community, and ongoing buying activity amid a downtrend fits a narrative where buyers are still engaging, even as sellers exert more immediate pressure. In meme markets, attention cycles can re-ignite quickly; a spark from social channels or a notable partnership could shift dynamics in a short window.
Risks to Watch
As with any meme-driven asset, it’s important to stay aware of general risks and avoid over-reliance on hype alone:
- Volatility and liquidity risk: Thin markets can amplify price moves, especially when large holders or “whales” enter or exit.
- Smart contract and security risk: On-chain assets rely on smart contracts; vulnerabilities or exploits can affect accessibility and value.
- Speculative dynamics: A strong meme narrative can inflate prices beyond what fundamentals might support, followed by rapid retracements.
- Platform risk: Solana-specific network events or outages can impact token activity and liquidity.
- Distribution risk: If a small group owns a large portion of the supply, it can lead to sudden price dumps or manipulation risk.
Always approach such assets with careful research, clear risk assessment, and an understanding that on-chain metrics describe behavior, not guarantees. Never interpret metrics as financial advice or trading signals.
Research Tips
- Track liquidity changes over time to gauge if depth is improving or deteriorating.
- Monitor ongoing holder distribution to assess whether participation is broadening or consolidating.
- Observe trend signals across multiple timeframes and combine them with volume momentum to identify potential shifts.
- Correlate on-chain activity with social sentiment but avoid equating hype with guaranteed price moves.
- Stay updated on Solana network health and ecosystem developments that could influence meme assets.
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Closing Thoughts
Responsible research and mindful observation of on-chain trends help illuminate how meme-based assets evolve, even when momentum swirls quickly. The story here is one of a developing token with solid liquidity and a growing community navigating a cautious, downward price backdrop. Readers should stay curious, monitor shifts in price, volume, and holder activity, and recognize that social hype can wax and wane just as markets do.
This article is for educational purposes and aims to translate raw metrics into a clearer picture of on-chain behavior. It does not constitute investment advice or a trading recommendation. Continued study of the ecosystem and the asset’s evolving metrics is encouraged as you form your own research framework.
This article is educational content based on publicly available on-chain metrics. Crypto assets are volatile and risky. Always do your own research.