Liquidity is essential for any token as without it the token is essentially rendered worthless and what low liquidity in this case means that if a single moon whale decides they donβt hold any love for moons anymore can essentially tank the price and when that happens other holders follow suit.
Buying and selling is obviously a normal market process but with low liquidity this is a massive issue where all holders are basically reliant on whales to not simply dump all their holdings all together.
Additional issue are that only a couple of exchanges trade moons and only one of them which is a DEX (Sushiswap) has decent amounts of liquidity while the rest have very low liquidity with very high slippage.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments