Zcash-chan (ZCHAN) Rose 98.8% on a Pool Only 7.1 Hours Old, Before Any Trading History Exists
Participation Event
In the last hour, Zcash-chan (ZCHAN) recorded a total of 2,254 transactions. This figure represents a significant increase in trading activity compared to the period before, indicating heightened interest as the token's trading pair is only 7.1 hours old.
- Pair maturity: 7.1 hours
- Liquidity depth: $55,324
- Volume vs liquidity: 8.9x
Transaction Breakdown
Of the 2,254 transactions, 1,253 were buys and 1,001 were sells. This shows a relatively balanced order flow, with approximately 44% of the transactions being sell orders.
Market Activity
The trading volume over the last 24 hours reached $492,664, which is 8.9 times the liquidity of $55,324. This elevated volume indicates active trading relative to the available liquidity.
Liquidity Profile
The liquidity for Zcash-chan stands at $55,324. This amount is workable for small positions, but larger orders may impact the price significantly.
Risk Note
This article does not constitute financial advice. Investors should consider the risks associated with trading newly launched tokens, especially those with limited historical data.