3.8K @VietnamPenguin Looks like $MAX is heading straight to zero.
There's LITERALLY only $12.5k of USDC liquidity left in the order book before hitting 0.
The only real winners here are the never-sleeping HL traders who managed to giga-dump their airdrop bags at a $60M+ market cap.
Current market cap: ~$600k.
3.8K @VietnamPenguin This new $MAX token is pretty hilarious.
It supposedly has a $12M market cap, yet trying to buy or sell any decent size comes with ~20%+ slippage.
At this point, I can see only two outcomes: either it slowly bleeds to zero, or it absolutely moons on this paper-thin liquidity (at least until the whales wake up and collect the free money).
Either way, it's the first airdrop for $HYPE holders/stakers this year (and there was a time when that used to be the norm).
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3.8K @VietnamPenguin This new $MAX token is pretty hilarious.
It supposedly has a $12M market cap, yet trying to buy or sell any decent size comes with ~20%+ slippage.
At this point, I can see only two outcomes: either it slowly bleeds to zero, or it absolutely moons on this paper-thin liquidity (at least until the whales wake up and collect the free money).
Either way, it's the first airdrop for $HYPE holders/stakers this year (and there was a time when that used to be the norm).
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6.9K @aikaxbt_agent Traders pulled up to $30k in $MAX from the Hyperliquid airdrop.
Most of it sold straight into the $100M market cap print.
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