Logo/imagery courtesy of on-chain metadata providers.
Market Snapshot
A Solana-based token with an established foothold shows a layered on-chain picture: price around 0.0569 USD, a market capitalization near 62.6 million USD, and notably thin liquidity at about 469 thousand USD. Those numbers place it in a space where even modest trades can move the price, and where campaigns of attention can create rapid but volatile shifts in activity.
What does this look like in context? The token has a sizable holder base—over 104 thousand addresses—suggesting a broad, distributed community rather than a handful of whale wallets dominating the flow. Its age indicator (about 146 days) marks it as established rather than brand-new, which often correlates with meaningful on-chain history plus evolving liquidity and participation patterns.
Momentum across the recent windows paints a mixed picture. Over the last 1 hour, price moved down about 1.9%. In the 4-hour window, the price is roughly flat with a tiny uptick, and over 12 hours there’s a small positive drift before the 24-hour frame closes with a notable -6.8% decline. In short: volatility is present, but not extreme, and the direction has been uncertain in short bursts.
Trading activity mirrors that sense of flux. The 24-hour total volume sits around 220 thousand USD, spread across 907 transactions. Buy and sell counts show selling pressure greater than buying pressure in the 24-hour period (about 402 buys vs. 505 sells), with the 168 sellers slightly outpacing the 114 buyers in the underlying buyer/seller counts. Taken together, activity is steady but not explosive, and the market seems to be digesting recent price moves rather than driving a persistent rally or sell-off.
Liquidity & Holders
Liquidity health is a critical lens for meme coins, and this token presents a classic thin-liquidity scenario. The liquidity-to-market-cap ratio is roughly 0.75%, which suggests the market may lack depth. In practical terms, a single large order could shift price more than you might expect in a higher-liquidity asset. Traders should be mindful that slippage could be non-trivial even for moderate trades.
With a large, established holder base, the token benefits from broad participation, which can provide resilience during small pullbacks but also means sentiment can shift quickly as a larger group responds to on-chain signals and off-chain narratives. The on-chain metrics describe a community that’s active enough to keep liquidity and turnover ongoing, yet thin enough that price discovery remains sensitive to large orders and episodic hype cycles.
Momentum Signals
The volatility index sits modestly above the low end of the scale, signaling that price swings are present but not catastrophic. The trend direction is labeled volatile, which aligns with the observed 24-hour decline and a mixed pattern across shorter windows. Volume momentum is described as steady, indicating consistent participation rather than a sudden, explosive surge.
Why might a coin rise or dip in this context? Thin liquidity means small traders and a handful of participants can swing prices. Mixed momentum and ongoing participation can reflect shifting attention, seasonal activity on Solana ecosystems, or cross-chain chatter that temporarily boosts interest. The “The Phoenix” social archetype hints at narratives of rising from a dip—yet the current energy for this token remains low on the meme-energy scale, with speculative undertones driving behavior more than a strong, cohesive hype wave.
Narrative & What It Signals
On-chain signals combined with the social framing suggest a story of cautious, persistent trading rather than a clear trend. The sentiment summary notes that sellers have outpaced buyers and prices have drifted downward over the last 24 hours. This points to a risk-aware environment where participants are evaluating liquidity, potential for price impact, and the staying power of the community before committing new capital.
For readers tracking Solana meme coins, the enriching narrative is one of established activity meeting thin liquidity. An asset that rises softly from a dip with a phoenix-like arc can sometimes attract renewed attention, but it also invites careful due diligence on liquidity depth, contract security, and the durability of on-chain demand beyond temporary hype cycles.
Risks to Watch
- Volatility and thin liquidity: Even moderate trades can move price unexpectedly.
- Impermanent hype and sentiment swings: Short-lived attention can fade quickly, leading to sharp moves.
- Smart-contract and ecosystem risks: As with many meme-inspired tokens, vulnerabilities or code changes can impact user trust and liquidity.
- Whale and retailer dynamics: With a large holder base but thin liquidity, sudden shifts by a few participants can disproportionately affect price.
- Execution risk: On-chain activity and off-chain chatter can diverge, creating misalignment between price signals and real-world value.
Research Tips
Use multi-window on-chain signals to contextualize moves. Compare price action with liquidity depth, track changes in the bid-ask spread in hot windows, and watch for spikes in volume that coincide with new buyers entering the scene. Cross-reference social signals with on-chain activity to gauge whether momentum is being driven by organic participation or short-lived hype.
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As you explore this and other Solana meme coins, remember that on-chain signals provide a lens for understanding recent activity and potential risk. The numbers tell a story, but they do not guarantee what happens next. Always approach with curiosity and discipline, especially in spaces where liquidity can be thin and narratives evolve quickly.
This article is an educational resource grounded in publicly available on-chain metrics. It is not financial advice, and it does not constitute a buy/sell/hold recommendation.
This article is educational content based on publicly available on-chain metrics. Crypto assets are volatile and risky. Always do your own research.