$ESPORTS The tracked pool only saw 6 cents in trading volume all day 😱
Bottom line first: putting it in the watchlist—cautiously.
Something odd showed up on today’s leaderboard 🤔 ESPORTS, the esports gaming token from Yooldo Games, is an old Alpha token that launched last July. The leaderboard still shows 87,800 holders.
What’s odd? The PancakeSwap pool the leaderboard tracks (ESPORTS/WBNB) still has $32,000 in it, but its 24-hour trading volume was—6 cents, across 7 trades 💸 In other words, nobody’s using this pool anymore. It’s just sitting idle.
But the token isn’t dead. On-chain activity shows that trading has moved almost entirely to Uniswap’s ESPORTS/USDT pool: $61,000 in liquidity, with $21,500 in volume and 269 trades over 24 hours—110 buys and 159 sells. There’s also a smaller PancakeSwap pool, with just $299 in daily volume, which is negligible.
Put the three figures side by side: the tracked pool has $32,000 in liquidity and 6 cents in volume, while the pool next door has $61,000 in liquidity and $21,500 in volume. Prices are roughly consistent across all three, at around $0.008. Based on a total supply of 900 million, FDV is about $7.26 million.
Simply put: the token hasn’t gone to zero—the leaderboard’s tracked pool has been drained as liquidity moved elsewhere. Of its 87,800 holders, quite a few are probably still looking at the pool on the leaderboard and assuming the token has no trading volume.
With a setup like this—“the leaderboard pool is dead, but the off-leaderboard pool is active”—it’s easy to get the wrong impression if you rely on the leaderboard alone. I’m putting it on my watchlist for now and will see whether the Uniswap pool can sustain more than $20,000 in daily volume.
Risk disclaimer: This is not investment advice. Alpha projects are high-risk and could go to zero.
When you browse leaderboards, do you click through to the details page to check which pool it tracks? Let’s chat in the comments 👇
#BinanceAlpha #On-chainObservations
Bottom line first: putting it in the watchlist—cautiously.
Something odd showed up on today’s leaderboard 🤔 ESPORTS, the esports gaming token from Yooldo Games, is an old Alpha token that launched last July. The leaderboard still shows 87,800 holders.
What’s odd? The PancakeSwap pool the leaderboard tracks (ESPORTS/WBNB) still has $32,000 in it, but its 24-hour trading volume was—6 cents, across 7 trades 💸 In other words, nobody’s using this pool anymore. It’s just sitting idle.
But the token isn’t dead. On-chain activity shows that trading has moved almost entirely to Uniswap’s ESPORTS/USDT pool: $61,000 in liquidity, with $21,500 in volume and 269 trades over 24 hours—110 buys and 159 sells. There’s also a smaller PancakeSwap pool, with just $299 in daily volume, which is negligible.
Put the three figures side by side: the tracked pool has $32,000 in liquidity and 6 cents in volume, while the pool next door has $61,000 in liquidity and $21,500 in volume. Prices are roughly consistent across all three, at around $0.008. Based on a total supply of 900 million, FDV is about $7.26 million.
Simply put: the token hasn’t gone to zero—the leaderboard’s tracked pool has been drained as liquidity moved elsewhere. Of its 87,800 holders, quite a few are probably still looking at the pool on the leaderboard and assuming the token has no trading volume.
With a setup like this—“the leaderboard pool is dead, but the off-leaderboard pool is active”—it’s easy to get the wrong impression if you rely on the leaderboard alone. I’m putting it on my watchlist for now and will see whether the Uniswap pool can sustain more than $20,000 in daily volume.
Risk disclaimer: This is not investment advice. Alpha projects are high-risk and could go to zero.
When you browse leaderboards, do you click through to the details page to check which pool it tracks? Let’s chat in the comments 👇
#BinanceAlpha #On-chainObservations