Well I didn't expect the $met chart to get anywhere near this level, but here we are.
Extremely critical level. The way $met was created was with a single side pool(no sol/usdc added by team) starting at $0.5, which means below that level the liquidity is just third party liquidity providers and whatever the MM's end up providing via prop amm's(cant know how much).
If you look at the charts below you can see how thin liquidity gets below this level and honestly it looks better than it actually is on these charts because a lot of the support liquidity is on cex's and constantly moving down with price or in a dynamic pool which is inefficient.
Basically the point is, below this level price falls faster due to thin randomly distributed liquidity so god help us all 🫡🤣
What if 🥲
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