This token's liquidity has fallen substantially since publication, to approximately $13,976. That is down 81% from the $74,890 reported when this article was published. The figures below describe conditions at the time of writing.
BITMINE (BITMINE) Records Elevated Volume Relative to Market Cap on Bsc
Risk Overview
BITMINE presents an elevated risk profile, primarily due to its very short pair maturity of 1.4 hours. This lack of trading history raises concerns about the potential for catastrophic failures, as most significant issues occur within the first day of trading.
- Pair maturity: 1.4 hours
- Volume vs liquidity: 24.5x
- Liquidity depth: $74,890
Liquidity Assessment
The liquidity for BITMINE stands at $74,890. The liquidity is 15.9% of market cap, close to the 13.9% typical at this size. However, the liquidity depth is categorized as elevated, indicating that while it is workable for small positions, larger orders may significantly impact the price.
Volume Assessment
The 24-hour trading volume for BITMINE is reported at $1,833,098. This volume is 24.5x the pool's liquidity, suggesting that the same liquidity is being turned over repeatedly, which can indicate wash trading or bot activity.
Trading Behaviour
In the last hour, there were 5,393 buys and 5,151 sells, resulting in a buy/sell ratio of approximately 1.05. This indicates a roughly balanced order flow.
Risk Note
This article does not constitute financial advice.