The Memo market cap table is junk because you can create ten zillion 'WHAPPPPP' tokens, sell one for a dollar and then claim your tokens are worth ten zillion dollar and
The token price is what you are willing to sell/buy it for. Do a bit of research instead of trusting the manipulated prices we had previously on the market cap page.
If buying I'm guessing you going to buy the lowest priced sell order. If you selling then you going to price around what people have recently bought at.
The problem before was, Mr A creates a billion tokens, he lists 1 for sell at 10000 sats and buys it with a second account. His token is now worth like $200 million lol !
Marketcap is the WORST metric to order tokens on Memo. Trading volume & # of completed traded, while ofc having their downsides, are still infinitly better than marketcap. The main dev
should be NUMBER 1 on the market cap table. Or at least you could until today. Maybe Memo is trying to clean it up. Or maybe it's a glitch and regular gaming of the table will
In the meantime I ask you to consider that HAM token, that you've never heard of, which was created 3 weeks ago, and last traded 8 hours ago is number 1, and has
Currently as it stands, I think the SLP marketplace on memo is damaging the SLP protocol, making it look ridiculous.its being far too easily manipulated by idiots :-(