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An interesting project has appeared on the Base on-chain — $RECALL has recently been marked as a paid promotion token.
I took a look at the on-chain data, and it's a bit absurd: the trading volume for the past 24 hours is zero, the liquidity pool has a pitiful 1 dollar, yet the market cap is marked at 137 million dollars. This combination of data is basically a typical case of "paper wealth"—the market cap is inflated but lacks actual transaction support.
The trace of this coin can already be seen on a certain DEX platform, but the liquidity depth... I suggest everyone weigh how terrifying the slippage might be before observing. After all, a $1 pool is quite challenging to support any decent trades.
Veteran investors should understand what this combination of paid listing + data anomalies tastes like.