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The lack of liquidity for Moons is concerning!!

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by COINS NEWS 54 Views

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 don’t 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.

submitted by /u/Kukuzahara
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