Memecoins are volatile by nature can often swing in price dramatically due to varying amounts of liquidity. Two percent market depth on Binance for ACT is currently just $93,000 to the downside and $214,000 to the upside, which means that a market sell order of just $100,000 would move the price to the downside by more than 2%, according to CoinMarketCap.
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Oliver Knight
https://www.coindesk.com/business/2024/11/11/solana-memecoin-act-rockets-1720-on-binance-listing-as-altcoin-market-heats-up/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
2024-11-11 11:22:40
