CONNECT WITH US
Web3 & Blockchain

Web3 & Blockchain

$1 billion in trading volume masks hidden liquidity risks for Coinbase stock token holders

CryptoSlate logo

Published on

Add as a preferred source on Google
$1 billion in trading volume masks hidden liquidity risks for Coinbase stock token holders

More than $1 billion in reported trading makes Coinbase's stock tokens look active. For a holder looking to sell, the question is how much the market can absorb now, and at what price, particularly outside US equity hours.

A Sept. 23 premarket check found indicative buy and sell routes for about $100,000 of each of Coinbase's ten stock tokens on Base. The estimated proceeds from selling were 0.06% to 0.71% below KyberSwap's own dollar valuation of the tokens offered. The routes price individual orders at one instant; they do not establish capacity for a simultaneous selloff.

The ten principal Aerodrome stock/USDC pools held about $12.97 million in combined displayed balances during the check. Individual pools ranged from roughly $818,700 for MSFTc to $2.11 million for NVDAc. Those balances include both the stock token and USDC. The total alone leaves the amount available to absorb a sale within a specified price range unknown.

Dromos Kitchen's stock-token dashboard put cumulative trading volume at about $1.02 billion and total tokenized value at $19.82 million on Sept. 23. Its community-built data carries a warning that it may be incomplete. Turnover accumulates across trades; it cannot be read as a fresh pool of buyers waiting for a large sell order.

The table pairs each displayed Aerodrome pool balance with KyberSwap's estimated routes for selling a stock token into USDC and buying it with USDC. The quote gap measures how far the router's estimated output dollar value fell below its own dollar valuation of the input.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.