13h ago
Interesting situation on $met right now.
Because TGE was at $0.5 as a single side pool and price is currently below TGE, all the liquidity supporting price action is independently pooled by the LP army.
Im guessing these big wicks down to 208m and 168m mc must be from gaps in liquidity and larger sellers using terminals that don’t route the transaction efficiently like Jupiter would.
Going to look at @clobr_io a little later to get a better idea.
@clobr_io Or actually what it could be (maybe) is someone who added liquidity got arbed because the pool isn’t actually in range 🤔
@clobr_io Okay so market makers using Jups RFQ are actually filling bids in a pretty tight range, it’s just impossible for me to know exactly how much liquidity there is..
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