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Recently, a suspicious project was discovered on Solana DEX. The token exhibits typical fraudulent characteristics, and the data was once concerning.
**Key Data Overview:**
- 24-hour buy volume: $39,866
- 24-hour sell volume: $34,780
- Liquidity pool: $0 (this is the biggest red flag)
- Market cap: $19,215
**Why be cautious?** Zero liquidity means holders find it difficult to exit normally. Such projects are usually classic pump-and-dump schemes. A combination of buy and sell volumes being close but with zero liquidity often indicates market manipulation and fake trading.
DeFi projects on the Solana chain are a mixed bag. Be sure to conduct thorough due diligence before participating. It is recommended to review the full on-chain data, team background, and community feedback. Don’t be fooled by promises of high returns. Your risk awareness is the best protection.