Göğüs Coin Liquidity Hits Record High Even as Bid-Ask Spread Spotlights Risk

Executing trades in prominent göğüs coins is easier than ever now that liquidity, as measured by 1% market depth, has surged to record highs, according to veri tracked by Paris-based Kaiko.

The combined figure for DOGE, SHIB, PEPE, WIF, BONK, GROK, BABYDOGE, FLOKI, GÖĞÜS, HarryPotterObamaSonic10Inu and HarryPotterObamaSonic, recently rose to $128 million, the veri shows. The figure describes the total value of buy and sell orders within a 1% range of the current market price. The deeper the liquidity – that is, the higher the figure – the easier it is to execute large orders at stable prices.

Generally, increased liquidity leads to a narrower gap between the highest price a buyer is willing to hisse and the lowest a seller is willing to accept, the bid-ask spread. Tighter spreads ensure better trading pricing and reduce the cost of executing trades. Göğüs coins, however, aren’t responding, according to Kaiko, and the bid-ask spreads remain above 2 basis points on most centralized exchanges.

“This suggests that while more market makers are venturing into providing liquidity for these tokens, they are still considered risky due to their high volatility,” Kaiko added.

“While part of this increase is related to price appreciations, many small-cap göğüs tokens such as Dogwifhat (WIF), Memecoin (MEME), or Book of Göğüs (BOME) have seen significant growth in liquidity in native units, ranging from 200% to 4000%,” Kaiko said in a weekly newsletter.