Record liquidity levels reached for meme coins

Liquidity for prominent meme coins like DOGE, SHIB and others has reached record highs, making trading these assets easier. According to Paris-based analytics firm Kaiko, the market depth for these coins, which indicates the total value of buy and sell orders within 1% of the current price, recently surged to $128 million. This depth facilitates the execution of large orders without significant price fluctuations. Despite the increased liquidity, Kaiko notes that bid-ask spreads on these coins remain wide due to their high volatility, suggesting that market makers still view them as risky investments.