Liquidity is episodic for memecoins — deep during attention cycles, thin when narrative attention rotates away. A pool that absorbed your entry comfortably at peak attention can be a fraction as deep two days later, turning a planned exit into a forced discount. Time your exits to liquidity, not just to price.
DeFi and infrastructure tokens carry steadier, utilisation-linked liquidity, while brand-new launches and bridged/wrapped assets are often thinner than their headline numbers suggest. Match your expectations to the category before you size.