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Market structure

ANSEM: a market-cap screenshot meets the available pools

ANSEM: a market-cap screenshot meets the available pools. Dated original source, with context and links.

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01

Original on X ↗

solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump is now sitting around a 173M market cap, and people are already posting the usual wallet-value screenshots.

As reminder for newbies...
The more honest number is liquidity;

PumpSwap ANSEM/SOL: ~$1.69M
Meteora ANSEM/SOL: ~$1.56M
Meteora ANSEM/SOL: ~$306.9K
Meteora ANSEM/USDC: ~$142.5K
Meteora ANSEM/SOL: ~$129.0K
Orca ANSEM/SOL: ~$106.1K

Main listed pools: roughly $3.93M liquidity.

That is very high for something offering nothing but dreams, attention and personality, but still painfully thin for something pretending to be serious.

Wallet screenshots are paper wealth.

Liquidity is the real exit door, and that door gets very narrow once someone big actually tries to walk through it.

This is nothing new.
It is the same across this whole market.

But here, the liquidity is painfully and honestly thin.

Good luck folks

Editorial context

Market cap versus the exit: a worked liquidity model →

The exit is a curve, not the last traded price
Educational diagram. Simplified mechanisms and stated assumptions; not evidence about a particular incident. Open full-size graphic ↗

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