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Spotted an interesting token on Solana's Meteora protocol - $PING showing some unusual patterns.
Here's what the numbers are telling us:
24-hour buy volume sitting at zero. Literally $0. Meanwhile sells hit $2 in the same window. That's... peculiar.
Liquidity pool's holding around $3.9K, which isn't much cushion honestly. Market cap's floating at $525K though.
Contract: 3HwuPcznMavzQR7aUFbbDFWawZ94cfUdWApGxbjVpump
The lack of buy pressure with active selling could signal either early dumping or just dead interest. Either way, these metrics raise eyebrows.
Anyone tracking this one? The liquidity-to-mcap ratio seems sketchy for sustainable trading.