JASMY LIQUIDITY WATCH
What happens if a serious buyer tries to acquire 40 million $JASMY right now?
At approximately $0.0044, that purchase would cost about US$176,000, or A$246,000 (for those of us in Australia).
Here is the interesting part: no major individual exchange currently displays enough sell-side liquidity to absorb the entire order within 2% of the market price.
Approximate JASMY availble within +2%:
• Binance: 6.1 million
• Coinbase: 7.5 million
• Kraken: 17.5 million
A 40-million-JASMY market order placed on any one of these exchanges would consume the nearby sell orders and push into higher prices.
This does not mean 40 million JASMY is unavailable. Across the ten leading markets, approximately 64 million JASMY is currently offered within 2%, but that liquidity is fragmented across different exchanges, currencies and order books. Some may also be supplied by the same market makers.
A sophisticated buyer could use multiple venues, limit orders, an OTC desk or a timed execution strategy. But a buyer attempting to secure 40 million quickly would create genuine demand pressure and could trigger arbitrage activity across the wider market. Mind you, that seems to demand a fair bit if an effort, doesn't it?!
Many of you will have several million $Jasmy, depending upon your average purchase price (many have expressed the need or $Jasmy to move back above .0072). Others may have a lot more, depending upon the depth of their wallets.
Either way, buying #Jasmy now poses obstacles for buyers, especially corporate buyers. This is very important! Whilst JASMY has billions of tokens in circulation, billions are not sitting on exchanges waiting to be sold at the current price.
Supply exists.
Immediate liquidity is considerably tighter.
Expect some major market movement soon.
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