This is a general "how do I use this tool" question, so I'll answer from general knowledge about how GMGN (a Solana-focused trading/analytics terminal) works — no live data involved.
Here's how to read liquidity on GMGN:
1. Open the token page
- Paste the token's mint address into GMGN's search bar (or click a token from a trending/watchlist).
- The main chart page loads with the key liquidity fields on the right-hand panel under the token's name.
2. The key fields to read
- Liquidity — the combined USD value locked in the token's trading pools (shown next to Market Cap, Volume). This is the headline number: the total depth across pools.
- Liquidity in pool — often shown separately as the amount locked in the main/dominant pool (usually a Raydium pool for Solana tokens). This matters because a token with scattered liquidity across 5 tiny pools is thinner than one token with all depth in a single pool.
- LP holder / LP burnt — some pages show whether the LP (liquidity provider) tokens have been burned or locked. If LP is burned, liquidity can't be pulled — a meaningful signal.
- 24h Volume vs Liquidity — compare these. Volume several multiples above liquidity means very rapid turnover (speculative, thin depth); a healthy ratio is volume somewhere in the range of liquidity to a few× of it.
3. Drill into the pool
- Click the pool name/liquidity number to open the pool detail view: exact token reserves in each asset, the number of LP holders, and (on some versions) lock status via the project's locker.
- You can also toggle between pair (pool) and token level stats.
4. Cross-check with live data
- GMGN's numbers come from on-chain pool data, but it's worth confirming the lock status and holder concentration with an independent check (e.g. a Solana mint look-up showing mint/freeze authority — whether supply can still be inflated, and whether an authority can freeze holders).
Red flags to watch for when reading liquidity:
- Very low liquidity relative to market cap (price can swing wildly / be impossible to exit).
- Liquidity that isn't burned or locked (creator can pull it).
- Liquidity that dropped sharply between checks — a sign of an exit or large removal.
- A single holder controlling most of the LP.
If you paste a specific Solana token's mint address here, I can pull its live liquidity, price, and the mint/freeze authority status (whether supply can still be inflated or an authority can freeze holders) directly from on-chain data — that's a stronger independent check than the GMGN page alone.