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Noticed an interesting trading object on the Solana chain — the $PNPM token. Looking at the data, the current liquidity is around $21K, with a market cap of approximately $59K. These features are typical of early-stage projects.
From the 24-hour trading situation, buy-side transactions are zero, while sell-side transactions amount to about $438. This extremely low trading volume indeed reflects that market attention is still low, characteristic of the cold start phase.
For traders interested in new projects, such low-liquidity tokens present both risks and opportunities. Insufficient liquidity means price fluctuations could be quite volatile, so be especially cautious when entering or exiting. It is recommended to conduct thorough project research, understand its fundamentals and team background, before deciding whether to participate.
Such projects often require time to accumulate users and trading volume. Patient investors might find opportunities, but their risk tolerance must be sufficient.