Meme Coin Liquidity Hits Record High

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. Meme coins liquidity has surged to record highs according to data tracked by ko the increase in liquidity which is measured by 1%. Market depth suggests ease in executing orders and stable prices generally increased liquidity leads to a tighter bid ask spread, which refers to the game between the highest price a buyer is willing to pay and the lowest the seller is willing to accept. Nevertheless, the bid ask spreads for meme coins remain elevated indicating that the tokens are still considered relatively risky. That's it for today's chart of the day. I'm Jen Sani. We'll see you next time to unpack more of the data behind top news stories.