The SLING/USDC trading pair on Uniswap V3 (Arbitrum) offers an opportunity for traders and investors to engage with a niche digital asset in a decentralized environment. This article provides a comprehensive overview of the token's market performance, liquidity metrics, and essential trading considerations.
Current Market Performance
As of the latest data, the price of SLING stands at approximately $0.0006699. The token has experienced a minor decline of 0.66% over the past 24 hours. During this period, trading activity reached $369, spread across 32 individual transactions.
The token's value fluctuated between a daily high of $0.0006743 and a low of $0.0006572, demonstrating typical volatility for smaller market cap assets.
Liquidity and Pool Statistics
The SLING/USDC pool maintains a total liquidity of $46,411.84, which is essential for ensuring smooth trading operations. This liquidity is distributed between two assets:
- Pooled SLING: 24.03 million tokens (valued at $15,933.03)
- Pooled USDC: 30,422.03 tokens (valued at $30,398.08)
The pool's creation occurred three months ago, and it continues to show regular trading activity with recent transactions recorded within the last day.
Token Distribution and Ownership
SLING currently has approximately 917 token holders, indicating a modest but established community. The largest single wallet holds 1.85 billion SLING tokens, representing a significant portion of the total supply valued at over $1.2 million at current prices.
This concentration of ownership is common among newer tokens and should be considered when evaluating investment potential.
Trading Mechanics and Fees
Trading SLING/USDC on Uniswap V3 (Arbitrum) carries a 1% fee, which is standard for many decentralized exchanges. This fee contributes to the liquidity provider rewards and platform maintenance.
The exchange rate between SLING and USDC remains relatively stable at approximately $0.0006704 per SLING token. At this rate, one USDC can acquire about 1,492.85 SLING tokens.
Security and Contract Verification
The SLING/USDC smart contract has undergone verification processes, and no honeypot mechanisms or proxy contracts have been detected. The contract address (0x9ba33d5d5cbc8f271d2518e47e048c63b61138dc) has been active for three months without security incidents.
The token has achieved a GT Score of 60.73, which represents a moderate assessment of its overall market health and potential.
Where to Trade SLING/USDC
This trading pair is primarily available on Uniswap V3 (Arbitrum), though it may also be accessible through other decentralized platforms including Maestro Bot and KyberSwap. When trading, always verify contract addresses to avoid counterfeit tokens.
For those new to decentralized trading, understanding the mechanics of liquidity pools and price impact is crucial before executing large orders. 👉 Explore advanced trading strategies
Frequently Asked Questions
What is the current price of SLING?
The current price of SLING is approximately $0.00067, with minor fluctuations occurring throughout trading sessions. Prices update continuously based on market demand and pool liquidity.
How does the 1% trading fee affect my transactions?
The 1% fee is applied to all trades and distributed to liquidity providers. This fee structure helps maintain pool liquidity but slightly reduces the amount of tokens received when swapping.
Is the SLING/USDC pool safe to trade?
The contract has been verified and shows no signs of malicious code. However, always conduct your own research and consider market risks before trading any digital assets.
What does the GT Score represent?
The GT Score of 60.73 indicates moderate overall health for this trading pair. Scores consider multiple factors including liquidity, trading volume, and recent market activity.
How many holders does SLING have?
SLING currently has approximately 917 token holders. The distribution shows some concentration in larger wallets, which is common among newer tokens.
Where can I check the most updated contract information?
Always verify contract details through official channels and blockchain explorers. The contract address provided in this article can be used to confirm pool statistics and token information.
Key Considerations for Traders
When engaging with smaller market cap tokens like SLING, several factors deserve attention:
- Liquidity depth affects price slippage, especially for larger orders
- Token holder distribution can influence price stability
- Regular monitoring of pool statistics helps identify changing market conditions
- Understanding fee structures ensures accurate calculation of trading costs
The SLING/USDC pair represents one of many opportunities within the decentralized finance ecosystem. As with all digital asset investments, proper risk management and research are essential components of successful trading. 👉 View real-time trading tools