Duna DefAi

Tax Report

QUICK RECOMMENDATION:

  • Action: AVOID
  • Confidence: HIGH
  • Reasons:
    1. 24h price change is +97.47%, indicating EXTREME volatility (high risk of a pump-and-dump scenario).
    2. Market cap is only $166,871, falling into the MEDIUM risk category, which makes the token prone to manipulation due to low market value.
    3. Lack of a dedicated website listed in the project's information, signaling weak project fundamentals and limited transparency.

DETAILED ANALYSIS:

1. Token Information:

  • Name: Chinese New Year Snake (SNAKE)
  • Chain: Solana
  • DEX: Raydium
  • Current Price: $0.0001669
  • Market Cap: $166,871

2. Timeframe Analysis:

  • 5m: +0.99% | Volume: $447.03 | Buys/Sells: 3/3
  • 1h: +3.43% | Volume: $12,740.11 | Buys/Sells: 70/45
  • 6h: +7.41% | Volume: $57,836.99 | Buys/Sells: 302/246
  • 24h: +97.47% | Volume: $377,253.95 | Buys/Sells: 1799/1337

3. Risk Assessment:

  • Price Volatility: EXTREME (97.47% change in 24 hours)
  • Market Cap Risk: MEDIUM (Market cap is $166,871, below the $1M threshold)
  • Trading Pattern Risk: MEDIUM (Buy/sell ratios are moderately balanced but indicate profit-taking; 57.36% buys in 24h)
  • Project Risk: HIGH (No official website; only Telegram and Twitter presence)

4. Trading Metrics:

  • Buy vs Sell Pressure:
    • 24h Buy Ratio: 57.36% (1799 buys / (1799 + 1337))
    • 6h Buy Ratio: 55.11% (302 buys / (302 + 246))
    • 1h Buy Ratio: 60.87% (70 buys / (70 + 45))
  • Volume Analysis:
    • 24h Volume: $377,253.95
    • 6h Volume: $57,836.99
    • 1h Volume: $12,740.11

5. Critical Risk Factors:

  • Price Pump: A 97.47% increase in 24h price suggests the token is experiencing a rapid price surge that could lead to a pump-and-dump situation.
  • Weak Fundamentals: The lack of an official website indicates poor communication and transparency, potentially eroding investor trust.
  • Low Market Cap: At only $166,871, the project is susceptible to centralized control and market manipulation by large whales.
  • High Trading Volume Relative to Liquidity: With $377,253.95 in 24h volume and only $57,241.47 in liquidity, there's a risk of slippage and liquidity drain if token holders sell off quickly.

Overall Evaluation:

The token exhibits EXTREME volatility and a nearly 100% price increase within 24 hours, combined with a MEDIUM-risk market cap and a lack of sufficient project transparency (no official website). While the trading activity shows some level of engagement, the underlying fundamentals and extreme short-term price movements suggest this token may be overly speculative and risky to invest in at this stage.

Dex