📊🤔 Kaiko: Only a few large-cap tokens like #BTC, #ETH, #SOL, and #XRP have liquidity rankings that closely match their market cap.
Outliers include Bitfinex’s token #LEO, #WBTC, and #HYPE, which stand out as some of the most misleading assets for investors who use market cap as a proxy for liquidity.
This is mainly due to the limited number of actively traded pairs, with only seven markets offering liquidity for LEO. HYPE has a significant portion of its supply locked, particularly allocations for core contributors, which reduces its available liquidity.
Outliers include Bitfinex’s token #LEO, #WBTC, and #HYPE, which stand out as some of the most misleading assets for investors who use market cap as a proxy for liquidity.
This is mainly due to the limited number of actively traded pairs, with only seven markets offering liquidity for LEO. HYPE has a significant portion of its supply locked, particularly allocations for core contributors, which reduces its available liquidity.