"Why do some memes have more liquidity than others at the same MC?" There is alpha in the answer to this question that I get all the time The main reason some LPs are just bigger is that the current holder distribution purchased their coins at a higher price (bullish) The rule of thumb is the higher the liq/mc ratio the better because it means folks paid more for their coins. With supply controlled coins we see lower liq/mc ratio because folks are hoarding coins they purchased cheaply or bought very early (or got virtually free with a bundled launch) Think of it this way, when you buy a lot of coins for very little, you are putting that "very little" liquid into an LP, so it's growing slowly. However, at a higher MC, those coins obviously cost more, so more must be added for each buy to the LPs those coins come from Long story short, the higher the liq/mc ratio, the safer the coin is from early buyers and supply controllers dumping. Once those cheaply purchased coins enter circulation it changes the supply profile and coins become way harder to push to new highs. This is currently what is happening with Fartcoin for instance. When it hit its ATH it was easier cause so many cheaply purchased coins were safe in wallets that just held them and never sold. Once they sold, it changed the dynamics and now it takes so much more inflow to pump. Since Fartcoin is wildly popular it's defying the phenomenon and coming out stronger, but that's why it seems so much harder to move the price today than when it launched There are 2 other reasons for the discrepancy among liq/mc ratios I should mention but they aren't as important as the above reasoning Locked liquidity pools do grow a small amount over time, but that amount is quite small. It's also true that all coins start with a particular ratio that is up to the dev or platform launching, but that's also mostly irrelevant for modern memes especially ones launched via launchpads. The only "mistakes" I've seen ratio wise are a few coins that have way too little liquidity in main LPs and one or two that actually have too much liquidity, these are almost exclusively presale coins that ended up collecting too much eth/sol making them difficult to move in either direction (BOME is a good example)