The most eye-catching on the board is ZETA—it jumped 70% in one go. The price is just over 6 cents, the market cap is around 100 million, and yet the trading volume is only a little over 1.4 million.
With a 70% gain squeezed into this kind of volume, the float is extremely thin. You can count the orders on the book. It looks genuinely tempting, but the lesson from the last time I chased a small-cap妖 (妖币) and got trapped is still fresh—before clicking buy, you’d better hesitate twice.
If someone dumps a wave and you get hit with slippage, eating up half of that pop isn’t strange at all.
With a 70% gain squeezed into this kind of volume, the float is extremely thin. You can count the orders on the book. It looks genuinely tempting, but the lesson from the last time I chased a small-cap妖 (妖币) and got trapped is still fresh—before clicking buy, you’d better hesitate twice.
If someone dumps a wave and you get hit with slippage, eating up half of that pop isn’t strange at all.
