01Definition
The next trade changes the price available to the trade after it. In an AMM pool, reserves and liquidity shape that price.
02Why it matters
A small trade can change the displayed valuation of the whole supply.
03What to check
- Exact pool and current liquidity
- Trade size relative to pool depth
- Market cap change versus observed trade value
04Healthy / Dangerous
Healthy
Price changes are read alongside pool depth and surrounding trades.
Dangerous
A market-cap jump is treated as the same amount of new capital.
05Beginner mistake
“Market cap rose $100k, so $100k entered.”
06Takeaway
A new price can revalue the whole supply.
See the idea
- 01
A token has 1 million circulating units at $0.10.
- 02
The displayed price rises to $0.12: market cap rises from $100k to $120k.
- 03
That $20k change does not tell you how much was traded.
Try it on a token
See it in Meme Fast → InspectChoose an exact contract. Compare estimated MC tiers with observed swap value; these are different measures.
Go deeper
The original outline uses an auction analogy. Many meme pools use automated pricing instead of an order book. The useful shared idea is marginal pricing, not a literal match between named buyers and sellers.
Need the basics? Revisit 101A →