Stonkpile/Backpack/no 24/7 oracle
MGM is doing $7k of 24-hour volume as a quote asset, across $12k 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.
Very thin. Expect significant slippage on anything but small orders.
Pyth only publishes MGM 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.
A single pool. If it is pulled, there is nowhere else to exit.
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 casino | raydium | $12k | $7k | 0.5x | -15.5% |
| 2 PIVOT | meteora | — | $0 | — | -97.5% |
| 3 33 | pumpfun | — | $0 | — | — |
| 4 PVTEST | meteora | — | $0 | — | — |
casino is the largest coin quoted against MGM right now. Same checks, applied to it.
Volume is proportionate to the liquidity behind it, which is what organic trading looks like.
Thin. Small trades only.
Still new. Not enough history to judge.
These are arithmetic checks on public data, not advice. They tell you what the numbers look like, not what to do about them.