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Spotted something interesting on Solana today - $ISLAND token on the Pumpfun platform shows quite active trading.
Trading data from the last 24 hours:
• Purchase volume: $6,285
• Sales volume: $3,565
• Liquidity: $0 (hmm, that is quite low)
• Market cap: $10,583
The buying pressure looks stronger than the selling side right now. But the low liquidity is something to watch out for - it could mean high volatility.
Is anyone following this? What do you think about Pumpfun tokens in general in the current market?