Stonkpile/Backpack/no 24/7 oracle
COPX is doing $571k of 24-hour volume as a quote asset, across $157k of liquidity. These are the coins using it as their unit of account.
Five arithmetic checks on the stock token itself, before you look at anything quoted against it.
Metadata is served from Backpack's own domain, which is how this index separates real tokenized stocks from the hundreds of lookalikes that simply put the name in their title.
Thin. Larger orders will slip noticeably against you.
Pyth only publishes COPX during the US session. Once the closing bell goes there is no independent reference price, and that is when on-chain quotes drift furthest from fair value.
Only two venues. Liquidity is concentrated.
Modest holder base for a tokenized equity.
These are arithmetic checks on public data, not advice. They tell you what the numbers look like, not what to do about them.
Turnover is 24-hour volume divided by the liquidity behind it. Anything far above about 5x is churning faster than real demand usually does.
| Coin | Venue | Liquidity | 24h volume | Turnover | 24h |
|---|---|---|---|---|---|
| 1 COPPERINU | raydium | $21k | $266k | 13.0x | +23.6% |
| 2 COPCAT | raydium | $36k | $237k | 6.6x | -39.6% |
| 3 CP | raydium | $18k | $39k | 2.2x | -25.2% |
| 4 PENNY | raydium | $9k | $11k | 1.2x | -39.4% |
| 5 NASIR | raydium | $9k | $9k | 1.0x | -41.6% |
| 6 COPDOG | raydium | $5k | $3k | 0.5x | -7.5% |
| 7 COOKWARE | raydium | $7k | $2k | 0.3x | -18.0% |
| 8 COPPERINU | raydium | $6k | $2k | 0.3x | -24.8% |
| 9 OXIDIZE | raydium | $5k | $646 | 0.1x | -35.6% |
| 10 coppurr | raydium | $5k | $587 | 0.1x | -17.0% |
COPPERINU is the largest coin quoted against COPX right now. Same checks, applied to it.
Each dollar of liquidity is turning over 13 times a day. High, but not impossible.
Thin. Small trades only.
Created in the last week. The overwhelming majority of pools this young go to zero.
These are arithmetic checks on public data, not advice. They tell you what the numbers look like, not what to do about them.