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Noticed some interesting movement on a Solana meme token today. $Cheems has been showing solid activity on Raydium DEX over the past 24 hours.
The numbers tell an intriguing story: buy-side volume hit around $44.6K while sell pressure came in at roughly $39K. That's a pretty healthy buy-to-sell ratio if you ask me. Current liquidity pool sits at approximately $36K with the market cap hovering near $124K.
What catches my eye here? The buying volume outpacing sells suggests accumulation might be happening. Though with a relatively modest liquidity depth, price action could get spicy real quick with any significant volume swing.
Anyone else tracking this one? Always curious what the community's seeing that I might be missing.