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Spotted an interesting token on DEXScreener - $ELFWIFAURA showing some movement today.
Here's what the numbers look like:
• Buy volume hit $34.5K over the past 24 hours
• Sell pressure at $27.3K in the same window
• Current market cap sitting around $29.7K
• Liquidity showing zero (yeah, that's a red flag)
The buy-to-sell ratio looks slightly bullish on paper, but that liquidity situation is concerning. Trading a token with no locked liquidity is basically playing hot potato - you might be left holding the bag when everyone rushes for the exit.
Anyone else tracking this one? Would love to hear if there's context I'm missing here. Always fascinating to watch these micro-cap plays unfold on Solana DEXs, even if most end up as cautionary tales.