Logo/imagery courtesy of on-chain metadata providers.
Market Snapshot: reading the on-chain pulse
Recent on-chain data for this Solana meme token reveals a profile that is clearly established but navigating a cooler price environment. The current price sits at a little over two cents per unit, which places the circulating market cap around 20.8 million USD. In practice, this is a micro-to-small-cap tier in the meme-coin space—enormous movement can happen with enough capital, but the baseline liquidity matters for everyday trading.
Liquidity health sits in the moderate range, with roughly 0.76 million USD available for swapping. A liquidity-to-market-cap ratio near 3.6% suggests a liquidity cushion, but it's not so deep that large orders can be executed without noticeable price impact. In other words, thin-to-moderate liquidity means prices can move when notable volumes enter or exit the book, especially if a single actor places a sizeable order.
Holders, Age, and Community Momentum
The holder base is reported at about 12,460 addresses. That’s a meaningful, active community, but not one that would be classified as among the largest Solana-token communities. The token isn’t brand-new—age is roughly 3,625 hours, or about 150 days—so it’s not a fresh launch. In meme-coin terms, that tends to translate to a certain level of familiarity and established trading patterns, even as price behavior waxes and wanes.
Social signals describe a narrative often labeled “The Phoenix”—a symbol of resilience and revival in the meme-coin world. With meme energy rated high, the crowd remains engaged, even when price action churns. The sentiment snapshot indicates buyers still outnumber sellers, yet there is a palpable fade in confidence as the price trend shows a clear downward tilt over multiple short-term windows.
Momentum Signals: what the numbers imply
The momentum picture is nuanced. Price percent changes over 1h, 4h, 12h, and 24h are all negative, pointing to a falling trend rather than a bounce. The volatility index sits around 0.024, suggesting modest price swings rather than an extreme roller coaster. Coupled with the note that volume momentum is labeled as accelerating, the story is not a flatline—it’s a market that is seeing more turnover even as prices drift lower.
Looking at activity, total 24-hour volume reaches about 1.86 million USD, and 24-hour transaction counts hover near 6,000. Buy-side activity remains relatively robust in terms of transaction split (roughly 3,500 buy-related transactions vs about 2,494 sell-related ones in the same window), and the number of buyers exceeds the number of sellers. Despite this, the price decline dominates the short horizon, hinting at a distribution phase or a rotation of capital rather than a purely bullish signal.
Why these numbers matter for risk assessment
Several themes emerge from the on-chain picture. First, liquidity relative to market cap is not negligible, but it is not generous enough to absorb large trades without price impact. Second, the token’s age and established holder base imply a predictable but still speculative dynamic: a community-driven asset with ongoing participation, yet vulnerable to shifts in appetite for meme-inspired risk. Third, the trend direction and downward momentum across multiple windows reduce the likelihood of a sustained immediate reversal without new catalysts or a change in sentiment.
It’s important to remember that on-chain signals reflect flows and behavior, not guarantees. A spike in volume, for example, might accompany a distribution event or a narrative-driven rally, depending on who is buying or selling and how quickly liquidity can adapt. The mix of a growing buyer cohort with consistent selling pressure suggests a tug-of-war between enthusiasm and concern, a common pattern in meme assets that attract both retail and speculative capital.
Risks to Watch (and how to approach them)
- Volatility and downward momentum: Even with rising volume, a persistent downtrend can accelerate losses if price impact increases on sell pressure.
- Thin liquidity: A relatively modest liquidity pool means larger trades can move the price, increasing slippage and potential funnelling risks during sharp moves.
- Speculative sentiment: High meme energy and social hype can fade quickly, and sentiment shifts can outpace fundamentals.
- Smart-contract risk: As with many on-chain tokens, vulnerabilities or bugs in the underlying code can lead to unforeseen losses or lockups.
- Market liquidity dynamics: The observed active community and ongoing buying activity might not compensate for sustained selling pressure, especially if new capital dries up.
To interpret these signals responsibly, readers should contextualize them with broader market conditions, examine whether volume growth accompanies price stability, and look for corroboration across multiple on-chain metrics. Always consider the possibility that hype-driven flows can reverse, sometimes abruptly, and that governance or utility changes can shift token dynamics in meaningful ways.
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Insights drawn from these on-chain metrics are intended to illuminate risk factors and market behavior for Solana meme coins. They do not constitute investment advice or endorsements.
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Closing thoughts: research with purpose
Responsible research means weighing on-chain signals against context, staying aware of hype cycles, and acknowledging that data reveals patterns rather than guarantees. Track how liquidity and holder activity evolve over longer horizons, and be mindful that meme-driven assets can experience rapid shifts driven by narrative and social dynamics. Continuous learning—cross-referencing metrics, reading multiple sources, and verifying changes in token governance or utility—helps cultivate a disciplined approach to this vibrant corner of the Solana ecosystem.
This article is educational content based on publicly available on-chain metrics. Crypto assets are volatile and risky. Always do your own research.