Today I was looking to some casino tokens, I decided to see the price and volume of OwlDao (Owl) and i was surprised when I realized that the volume is only around 260$ in 24h.
I would have expected volume of 1000$ minimun, even though the token is only tradeable in DEFI for now.
Any thoughts on this?
Perhaps people do not want to sell their tokens ot they are staking most of it?
At least the liquidity does not look bad...
I want to ask if this token is trade able or not, because sometimes some people will launch a token and they will be expecting people to invest on the token is not trade able or marketable that's why some people do be careful for some investment of tokens, why some people will not like to sell this particular token is that they have noticed that the token can have much value if investors or people start buying it in a large quantities I would have expected volume of 1000$ minimun, even though the token is only tradeable in DEFI for now.
Any thoughts on this?
Perhaps people do not want to sell their tokens ot they are staking most of it?
At least the liquidity does not look bad...