$STANDARD Day Two: -28.8% Price, -84% Volume
- Same-time comparison: price -28.76%, main-pool liquidity -16.6%, volume -84.4%, unique buyers down from 6,202 to 640
- Yesterday's 4.1x cross-pool price spread narrowed to 1.37x, and a new $792,980 USDG pool appeared
- For: deep pool and repaired pricing. Against: 861 sellers vs 640 buyers, daily issuance, contract still not verified on the website
On Sep 16 we covered what STANDARD is, when it was up 1,084% and the whole chain was watching it. Today is STANDARD day two, and there is really one question: is STANDARD still a buy? Start with the two snapshots, taken at the same time of day (about 00:09 UTC).
Day one vs day two
| Metric | Sep 16 | Sep 17 | Change |
|---|---|---|---|
| Price | $0.3110 | $0.2216 | -28.76% |
| Main-pool liquidity | $15,754,067 | $13,134,796 | -16.6% |
| 24h volume | $59,889,474 | $9,352,429 | -84.4% |
| Market cap | $29,909,018 | $21,322,321 | -28.7% |
| 24h buys / sells | 29,906 / 19,149 | 1,879 / 1,719 | — |
| Unique buyers / sellers | 6,202 / 4,321 | 640 / 861 | ratio 1.44 → 0.74 |
The number that jumps out is people: unique buyers fell 90%. Most of yesterday's 6,202 buyers were one-time traffic chasing a +1,084% candle. Today only 640 buyers traded, against 861 sellers.
Good news: the price spread is fixed
Yesterday's biggest hazard was a 4.1x price gap across pools in the same minute. Today DexScreener (read at 00:12 UTC Sep 17) lists 30 pools with $13,369,685 combined liquidity:
- Main pool STANDARD/ETH (Uniswap v4, created Sep 15 01:00:30): $0.2195, $12,460,756 liquidity, $9,460,657 24h volume.
- Ramses v3 STANDARD/USDG (created Sep 16 05:08:37): $0.2207, $792,980 liquidity, $1,160,186 volume.
- Ramses v3 STANDARD/USDG (created Sep 16 22:32:32): $0.2203, $61,762 liquidity.
- Uniswap v4 STANDARD/USDG (created Sep 14 22:22): $0.2271, $14,108 liquidity.
- Ramses v3 STANDARD/USDG (created Sep 15 06:09): $0.3006, $13,313 liquidity. This is the one pool still showing a stale price, with no 1h or 6h change reading, which means nobody traded there recently.
Among pools with at least $10,000, the widest gap to the main pool is now 1.37x, and that is the stale pool. The three busiest pools (the main pool and the two Ramses USDG pools) sit within 1% of each other. A wide spread on day one that gets arbitraged flat on day two: STANDARD is a clean example. The other constructive sign is the brand-new $790K USDG pool. Someone was willing to add capital on day two.
Bad news: volume fell faster than price
Price -28.76%, volume -84.4%. When volume collapses faster than price, the momentum buyers have left, but nobody is panic-selling either. The average trade today was $2,599.34, the largest on the hot list. The people still trading STANDARD are bigger wallets, not retail.
The last hour showed 69 buys and 12 sells, so someone is buying the dip. But 6h is still -3.39%, and +3.79% over one hour does not make a bottom.
Two mechanism numbers worth watching
From outside reporting, all published Sep 15 and not verified on the project website:
- Phemex: Genesis Charter minting brought in 583.594968887 ETH of on-chain revenue. After 100 Expansion Licenses sold, total Branches reached 1,100, and a single non-expanded Charter's theoretical daily output fell from 700 to 636.36 STANDARD. Closing a Branch carries a dynamic exit fee of 2% to 60%.
- KuCoin flash: base issuance of 700,000 STANDARD per day, fees split 70% reserve / 15% liquidity / 15% team.
Put them together: 700,000 new tokens a day at today's $0.2216 is about $155,120 of issuance per day. Against $9.35M of 24h volume, that is 1.7%, which is manageable. If volume keeps sliding, issuance becomes a bigger share of the flow. That ratio is the one I will track daily.
Also: standardreserve.xyz/app is still a single-page app, and my fetch today still could not see a contract address. The link between the website and the contract remains unverified.
Is STANDARD still a buy?
- For: the $12.46M main pool is one of the deepest on the chain; the cross-pool spread is repaired; a new $790K USDG pool; market cap only 1.6x liquidity.
- Against: 861 unique sellers vs 640 buyers; volume -84.4%; daily issuance is a constant source of sell pressure; the mechanism (Charters, Branches, exit fees) is complex, and ordinary holders don't receive issuance; contract not verified on the website.
My call: wait. If you do trade it, use only the main pool or the $790K USDG pool, never the stale side pools. Not financial advice; memecoins can go to zero.
Four numbers for day three
- Main-pool 24h volume: $9.35M today. Below $5M means the second wave has faded too.
- Unique buyers vs sellers: 640 vs 861 today. Back above 1.0 would mean new money arriving.
- Issuance as a share of volume: about 1.7% today. Above 5% and issuance starts to matter.
- The $790K Ramses USDG pool: if it gets pulled, the day-two liquidity provider has lost conviction.
I'll keep updating these in tomorrow's hot tokens report. If you already hold STANDARD, these four numbers will tell you more about whether to trim than the 1h candle will.
FAQ
How much did STANDARD fall on day two?
Same-time snapshots: price -28.76%, volume -84.4%, main-pool liquidity -16.6%.
Is the STANDARD cross-pool spread still there?
Mostly gone. The three busiest pools are within 1%; only a $13,313 stale pool still shows $0.3006.
Where can I watch STANDARD live?
The STANDARD trade page on BigPump has candles, trades and swaps. The full list is in the Sep 17 hot tokens report.
How is a STANDARD Charter different from a BigPump Tax NFT?
One is an auctioned claim on issuance. The other is a dividend right bound automatically to the token. Comparison: Charter vs Tax NFT.
BigPump is an independent project, not affiliated with Robinhood Markets, Inc. Not financial advice — memecoins can go to zero.
Disclaimer: memecoins are extremely volatile and most go to zero. This article is not financial advice. Do your own research and only spend what you can afford to lose.