Odaily Planet Daily News Kaiko stated in its recently released market analysis report that an analysis of the average daily market depth and trading volume of the top ten tokens by airdrop amount for this year, over the ten days prior to trading, indicates that PENGU's daily trading volume is excessively high relative to its available liquidity. In contrast, tokens like JUP and EIGEN had relatively high initial market depth at launch, which helped stabilize their prices. It is worth noting that CEX is not always the primary market for these tokens; they are mostly traded on DEX, becoming important venues for liquidity withdrawal after these tokens are launched.