This token now has approximately $2,697 of liquidity, effectively untradeable. That is down 95% from the $52,191 reported when this article was published. The figures below describe conditions at the time of writing.
The First Cat (PROAILURUS) Rose 40.4% but the Pair is Just 1.1 Hours Old, the Window in Which Most Failures Occur
Participation Event
In the last hour, The First Cat (PROAILURUS) recorded a total of 3,820 transactions, with 2,457 being buys and 1,363 being sells. This transaction count marks a significant increase compared to previous trading periods, indicating heightened trading activity as the pair is still in its infancy, having been created just 1.1 hours ago.
- Pair maturity: 1.1 hours
- Volume vs liquidity: 26.1x
- Liquidity depth: $52,191
Transaction Breakdown
Of the 3,820 transactions, 2,457 were buy orders, while 1,363 were sell orders. This indicates a buy-side leaning in the transaction flow, with approximately 36% of trades being sells.
Market Activity
The trading volume over the past 24 hours reached approximately $1,360,149, which is 26.1 times the liquidity of $52,191. This high volume relative to liquidity suggests that the same liquidity is being turned over repeatedly, which may indicate wash trading or bot activity.
Liquidity Profile
The current liquidity stands at $52,191, which is 11.2% of the market cap of $464,329. This liquidity level is workable for small positions, but larger orders may impact the price significantly.
Risk Note
Investors should consider the elevated risk associated with this token, particularly due to the pair's age of just 1.1 hours, as most catastrophic failures occur within the first day. This article does not constitute financial advice.