📉 The entire market shed nearly 6% over 24 hours, and almost the entire Meme sector was in the red—but MemeCore (M) bucked the trend, gaining 16%. I don’t see this as strength; I see it as a liquidity illusion.
According to recent CoinGecko data:
· M has a market cap of about $1.98 billion, but 24-hour trading volume is only around $3.9 million, for a turnover rate of about 0.2%
· Over the same period, DOGE’s turnover rate was about 4.8%, PEPE’s about 15%, and PENGU’s about 22%
· Only about 42% of M’s supply is currently in circulation
My take: Trading volume ÷ market cap is one metric I never skip when looking at Memes. A 0.2% turnover rate means the order book is extremely thin—a few buy orders can push the price up, making the market cap gains “on paper” rather than “realizable.” Assets attracting genuine new capital usually have turnover rates in the single to double digits; when turnover is below 1% yet the price surges against the trend, it’s more likely a price move on a thin order book than genuine demand.
Risk factor: With 42% of the supply in circulation, future unlocks represent ongoing potential selling pressure. In thin liquidity, the first batch of unlocked tokens could be enough to trigger a drop far exceeding what fundamentals would justify. The higher an asset ranks by market cap, the easier it is to assume it has “good liquidity.”
When choosing a Meme, do you look at market cap ranking first, or trading volume/turnover? 🤔
#Binance #MemeCoin #MemeCore (watchlist, not investment advice)
According to recent CoinGecko data:
· M has a market cap of about $1.98 billion, but 24-hour trading volume is only around $3.9 million, for a turnover rate of about 0.2%
· Over the same period, DOGE’s turnover rate was about 4.8%, PEPE’s about 15%, and PENGU’s about 22%
· Only about 42% of M’s supply is currently in circulation
My take: Trading volume ÷ market cap is one metric I never skip when looking at Memes. A 0.2% turnover rate means the order book is extremely thin—a few buy orders can push the price up, making the market cap gains “on paper” rather than “realizable.” Assets attracting genuine new capital usually have turnover rates in the single to double digits; when turnover is below 1% yet the price surges against the trend, it’s more likely a price move on a thin order book than genuine demand.
Risk factor: With 42% of the supply in circulation, future unlocks represent ongoing potential selling pressure. In thin liquidity, the first batch of unlocked tokens could be enough to trigger a drop far exceeding what fundamentals would justify. The higher an asset ranks by market cap, the easier it is to assume it has “good liquidity.”
When choosing a Meme, do you look at market cap ranking first, or trading volume/turnover? 🤔
#Binance #MemeCoin #MemeCore (watchlist, not investment advice)