Duna DefAi

Tax Report

QUICK RECOMMENDATION:

  • Action: AVOID
  • Confidence: HIGH
  • Reasons:
    1. Strong downward 24h price change: Nearly all pairs indicate a steep negative price change (-11.69% to -14.66%).
    2. Low trading activity on multiple pairs: Several pools have extremely low or no trading volume over 24 hours, indicating potential illiquidity or lack of interest (e.g., $0.97 and $0.02 volume in some pools).
    3. Mixed liquidity levels: While there are larger pools (e.g., $493k liquidity on Raydium), others have very low liquidity (<$50 in one case), increasing slippage risk and reducing reliable market activity.

DETAILED ANALYSIS:

1. Token Information:

  • Name: SOLENG
  • Chain: Solana
  • DEX: Raydium, Meteora, Orca
  • Current Price (Main Pool on Raydium): $0.007901
  • Market Cap: $7,901,875 (varies slightly across pools)

2. Timeframe Analysis (Raydium Main Pool):

  • 5m: -0.28% | Volume: $39.62 | Buys/Sells: 1/0
  • 1h: +6.6% | Volume: $57,265.82 | Buys/Sells: 33/27
  • 6h: -11.52% | Volume: $139,587.12 | Buys/Sells: 127/101
  • 24h: -14.66% | Volume: $344,212.85 | Buys/Sells: 351/393
  • Notes: Positive movement in shorter timeframes (1h) is likely responsive trading but remains overshadowed by the steep 24h loss.

3. Risk Assessment:

  • Price Volatility: HIGH
    • With 24h price change between -11.69% to -14.66%, SOLENG shows high instability.
  • Market Cap Risk: LOW
    • With ~$7.8M+ market cap, market cap risk is minimal for now.
  • Trading Pattern Risk: HIGH
    • Across pools, selling pressure dominates, particularly in the 24h period (e.g., 393 sells vs. 351 buys in the main pool).
  • Project Risk: MEDIUM-LOW
    • The project has an active website and social media presence, but its very low activity in some trading pools and price volatility are concerns.

4. Trading Metrics:

  • Buy vs Sell Pressure:

    • Main Pool (Raydium):
      • 24h Buy Ratio: 47.2%
        (351 buys / (351 buys + 393 sells))
      • 6h Buy Ratio: 55.7%
      • 1h Buy Ratio: 55%
    • Other Pools:
      • Generally poor performance and negligible activity.

  • Volume Analysis (Main Pool on Raydium):

    • 24h Volume: $344,212.85
    • 6h Volume: $139,587.12
    • 1h Volume: $57,265.82
    • While the Raydium pool shows decent volume, other pools (e.g., Orca and CLMM on Raydium) report near-zero volume and no trading activity, worsening liquidity fragmentation.

5. Critical Risk Factors:

  • Liquidity Fragmentation: Although Raydium's primary pool has high liquidity (~$493k), several other pools exhibit very low liquidity (<$50), meaning most trades cannot flow across all markets.
  • Price Downtrend Across Pools: Each active trading pool shows consistent price decline (-11.69% to -14.66%), a sign of a bearish trend.
  • Unsustainable Trading Risks in Smaller Pools: Pairs like Orca and one Raydium pair have had little to no buyer activity over 24 hours (0 or 1 buy orders reported). Combined with minimal volume ($0.02 – $0.97), these pools highlight reliability and interest issues.
  • Potential Over-reliance on Raydium Pool: With the majority of activity on one pool, SOLENG may have increased sensitivity to shocks in buyer or seller demand on Raydium specifically.

Summary of Key Risks (Flagging Criteria Met):

  1. 24h price losses >10% for all pools.
  2. Extreme trading inactivity in some pools (e.g., zero buys and sells).
  3. Concentration of activity in a single pool (Raydium).
  4. Liquidity fragmentation and slippage risk due to small pools.

Final Investment Suggestion:

Despite SOLENG appearing to have medium credibility due to its website and social media presence, market metrics strongly indicate bearish conditions and unfavorable trading activity. The token's mixed liquidity across pools, along with strong downward price pressure in active markets and negligible activity in others, renders it a high-risk asset for the current timeframe. Proceed with extreme caution, particularly if considering large trades or investments.

Dex