Stonkpile/xStocks/no 24/7 oracle

5 coins are priced in TQQQ.

TQQQx is doing $1 of 24-hour volume as a quote asset, across $327 of liquidity. These are the coins using it as their unit of account.

Is TQQQx what it says it is?

Five arithmetic checks on the stock token itself, before you look at anything quoted against it.

IssuerxStocks

Metadata is served from xStocks'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.

Liquidity$52k

Thin. Larger orders will slip noticeably against you.

Reference priceMarket hours only

Pyth only publishes TQQQ 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.

Venues2 DEXes

Only two venues. Liquidity is concentrated.

Holders725

Very few holders. Early, illiquid, or both.

These are arithmetic checks on public data, not advice. They tell you what the numbers look like, not what to do about them.

What is priced in it

Turnover is 24-hour volume divided by the liquidity behind it. Anything far above about 5x is churning faster than real demand usually does.

CoinVenueLiquidity24h volumeTurnover24h
1 MOMOraydium$82$10.0x
2 QoSraydium$245$00.0x
3 WASBmeteoradbc$0
4 PIVOTmeteora$0-98.8%
5 PVTESTmeteora$0-29.2%

The biggest one: MOMO

MOMO is the largest coin quoted against TQQQx right now. Same checks, applied to it.

Turnover0.0x

Volume is proportionate to the liquidity behind it, which is what organic trading looks like.

Liquidity$82

Almost no depth. You may not be able to sell what you buy.

Pair age233d

Has been trading long enough to have a track record.

These are arithmetic checks on public data, not advice. They tell you what the numbers look like, not what to do about them.