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Spotted something unusual on Solana's Orca DEX today. A token called GEOD just popped up with some eyebrow-raising numbers.
Here's what caught my attention: zero trading volume in the past 24 hours. Literally $0 in buys, $0 in sells. Yet somehow it's sitting at a $65M market cap with barely $12 in liquidity.
Those ratios don't add up. When you see a token with that kind of market cap but virtually no liquidity and dead silent trading activity, it's either a ghost listing or something's off with the data feed.
This is exactly the kind of pattern that gets flagged in on-chain monitoring. Either the pricing oracle is glitching, or this is one of those paper market cap situations where the numbers exist purely on spreadsheets.
For anyone tracking Solana DEX activity, this one's worth keeping on your radar—not as an opportunity, but as a case study in what suspicious tokenomics look like.