🚀 Meme Coin Mania: Liquidity Hits Record Highs!
#memecoin🚀🚀🚀 liquidity is through the roof, hitting a whopping $128 million, but don't get too comfy – the bid-ask spreads are still as wide as a meme grin. 😁
Thanks to Kaiko, we know trading in your favorite meme coins (DOGE, SHIB, $PEPE , and even HarryPotterObamaSonic10Inu) is easier than ever with liquidity soaring to new heights. 🎢💸
You'd think more #liquidity would tighten those bid-ask spreads, right? Not in the meme coin universe! Despite the deep pockets, the spreads remain wide, often above 2 basis points on centralized exchanges. 🏦🔍
Kaiko says, “More market makers are diving in, but these tokens are still risky business due to their high volatility.” So, while liquidity is up, the risk remains sky-high. 📈⚠️
Even the lesser-known tokens like #dogwifhat ($WIF ) and Book of Meme ($BOME ) are seeing liquidity boosts from 200% to a staggering 4000%! So, whether you’re a meme coin veteran or just along for the LOLs, keep your wits about you! 😂💰
