KIMCHI on Solana drops 52.2% 😱 Looks like the meme wave is cooling off?
Hey everyone, $KIMCHI on Solana is seeing some serious volatility. It’s currently priced at $0.01167, down a whopping 52.2% in 24 hours and 17.2% over the past 6 hours. I opened the price chart this morning and got quite a shock.
Looking at the on-chain data, its market cap is around $11.62M, with 24-hour volume of about $11.29M—but liquidity is only around $372.6K. With liquidity this thin, the whales can pretty much do whatever they want.
A reminder: this is an extremely risky meme/microcap coin. With such thin liquidity, the price could plunge close to zero at any time, or even get rugged. Have fun, but don’t get carried away—this isn’t investment advice. Always remember to manage your risk.
What do you think—is this KIMCHI drop a sign that the meme wave is ending, or just a small correction before it takes off again?
#KIMCHI
Hey everyone, $KIMCHI on Solana is seeing some serious volatility. It’s currently priced at $0.01167, down a whopping 52.2% in 24 hours and 17.2% over the past 6 hours. I opened the price chart this morning and got quite a shock.
Looking at the on-chain data, its market cap is around $11.62M, with 24-hour volume of about $11.29M—but liquidity is only around $372.6K. With liquidity this thin, the whales can pretty much do whatever they want.
A reminder: this is an extremely risky meme/microcap coin. With such thin liquidity, the price could plunge close to zero at any time, or even get rugged. Have fun, but don’t get carried away—this isn’t investment advice. Always remember to manage your risk.
What do you think—is this KIMCHI drop a sign that the meme wave is ending, or just a small correction before it takes off again?
#KIMCHI