Why does buying a small-cap crypto token move its price so much?

Thin order-book depth or low pool liquidity can push a market order across multiple price levels, creating price impact beyond the displayed headline quote.

The answer

Thin order-book depth or low pool liquidity can push a market order across multiple price levels, creating price impact beyond the displayed headline quote.

What to do next

Review depth at your trade size and use size limits or appropriate limit-order tools.

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