You're not wrong on your main point - traders like liquidity but liquidity is about volume relative to price, not just volumes in isolation.
As for the neighbours and hype... Well, I have been around long enough to see sentiment inflated bubbles and what happens to them, is it different this time?
Bullish KNL Weekly Chart, page-100
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 (20min delay)
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Last
10.0¢ |
Change
0.003(3.09%) |
Mkt cap ! $45.40M | |||
| Open | High | Low | Value | Volume |
| 9.7¢ | 10.0¢ | 9.7¢ | $45.27K | 457.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13000 | 9.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 19285 | 2 |
View Market Depth
| Last trade - 14.45pm 14/08/2024 (20 minute delay) ? |
| EGR (ASX) Chart |