Don’t invest unless you’re prepared to lose all the money you invest.
Cryptoassets are high risk, highly volatile and can fall in value quickly, including to zero.
Griff Coin is an experimental crypto project. There is no guarantee of profit, value, liquidity or continued trading availability.
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Nothing on this website is financial, investment, legal or tax advice.
Only use money you can afford to lose.
Important: This is a personal account of my learning experience, not financial advice. Cryptoassets are high risk and can lose all of their value.
Learning, building and sharing the journey.
Liquidity: What Griff Coin Taught Me
A hungover Saturday, a rabbit hole, a few failures, some risky decisions, and one very real Solana token
When I started Griff Coin, I understood liquidity in the most basic possible way: put GRIFF and SOL together, create a pool, and people can trade between them. That description is technically true, but it turned out to be a bit like saying a car works because the wheels go round.As the project grew and other people started trading, I began watching the pool balances, price, market cap and price-impact warnings change. Some of those changes made sense immediately. Others made me realise I was looking at a live market I had created without yet fully understanding how all the moving parts affected each other.That became the next part of the Griff Coin experiment: stop guessing, go back to the documentation, test things carefully, and work out what liquidity was actually doing.
Where I started
The original GRIFF/SOL market was created on Raydium as a standard pool using the 0.25% fee tier. My launch plan was approximately 900,000,000 GRIFF paired with 0.24 SOL, leaving roughly 100 million GRIFF outside the initial pool.At launch, the rough starting ratio was about 1 SOL for 3.75 billion GRIFF. My goal at that point was simple: prove the market worked. Could I buy GRIFF with SOL? Could I sell it back? Could another wallet interact with the pool?Once the answer to those questions was yes, I initially felt as though I understood liquidity. In reality, I had learned how to create a pool. Understanding the behaviour of that pool came next.
The first live tests
One early test buy quoted 0.001 SOL for roughly 2.64 million GRIFF, with about 0.6% price impact. I also tested the other direction: selling 1,000,000 GRIFF quoted about 0.000375 SOL, with roughly 0.38% price impact.Those small trades were useful because they showed that the pool worked in both directions and that small trades could move through it without completely distorting the market.Then I tried looking at a much bigger example: what would happen if somebody tried to put 1 SOL through a pool that only contained around a quarter of a SOL on that side?Raydium showed a price-impact warning of roughly 369%.That was the point where the idea of 'thin liquidity' stopped being a phrase and became something I could actually see. A trade does not exist in isolation. Its size matters compared with the size of the pool it is trading against.
Watching the pool change
After people began trading, the pool no longer contained exactly what I had originally deposited. At one stage it was showing roughly 0.26 SOL and around 800 million GRIFF.That initially looked strange until I thought about what a swap actually does. When somebody buys GRIFF, SOL goes into the pool and GRIFF comes out. When somebody sells GRIFF, the opposite happens.The pool was not losing assets. The balance between the two assets was changing as a result of trading. That changing relationship is part of how the market price is formed.
Market cap was not what I thought it was
Another lesson came from comparing the displayed market cap with the actual liquidity. At one point Griff Coin was showing a market cap of roughly $47 while the pool itself contained only around $70 of liquidity.That forced me to separate two ideas I had previously lumped together. Market cap is a calculation based on token price multiplied by supply. Liquidity is the actual depth available for trading.With a very small pool, a tiny trade can move the quoted token price sharply. Multiplying that new price across a billion tokens can produce a market-cap figure that looks much bigger or more meaningful than the amount of value actually available in the market.
The lesson: market cap is not the same thing as money sitting in the pool.
Adding liquidity myself
Once I understood the problem better, I tested adding more liquidity rather than simply buying more GRIFF.One of my liquidity additions used 0.034486192 SOL and 101,843,647.608014 GRIFF. The position issued about 59.1658 additional LP tokens, taking my LP balance from roughly 464.7580 to about 523.9238.Based on the pool figures around that test, the pool moved from approximately 0.2709 SOL and 800 million GRIFF to around 0.3054 SOL and 901.84 million GRIFF.The important part was what did not happen: adding liquidity in the correct proportion did not behave like a normal buy. I was deepening both sides of the market rather than simply putting SOL in and taking GRIFF out.That helped confirm the conclusion I was looking for: gradual, correctly balanced liquidity additions can make the pool deeper and reduce slippage and price impact for later trades. They do not create demand, guarantee a higher price or magically make a token successful.
What trading had already changed
By the time I made that liquidity addition, trading itself had already changed the pool ratio. The launch ratio had been around 1 SOL to 3.75 billion GRIFF, while later figures implied roughly 1 SOL to 2.95 billion GRIFF.In simple terms, buyers had added SOL to the pool and removed GRIFF. That was useful because I could see how real trading activity and liquidity depth were connected rather than treating price as a number that simply appeared on a screen.
Fees: another thing I had to learn
I also had to work out what happened to the trading fees. I had not received a little Raydium payment into my wallet after every swap, so at first I wondered whether I was misunderstanding that part too.Raydium's documentation explains that liquidity providers can earn trading fees through their LP position. The exact fee handling depends on the pool type, but the important lesson for me was that LP economics are part of the position itself rather than necessarily appearing as a separate payment after each trade.
The idea I decided not to pursue
At one point I considered publishing a SOL address and asking people to contribute towards increasing the Griff Coin liquidity pool.After looking at it properly, I decided not to do it. Once other people's money is being collected specifically to support the market for a token I created, the legal, accounting and ethical questions become much more complicated.For now, if I decide to increase Griff Coin liquidity, I would rather do it gradually with assets I control and keep documenting what I am doing.
What all the testing actually taught me
A liquidity pool is a live market, not a static pile of tokens.Trade size only makes sense in relation to pool size.Thin liquidity can create enormous price impact from relatively small trades.Market cap and liquidity are completely different measurements.Adding balanced liquidity deepens the market; it does not create demand.Trading changes the ratio of assets inside the pool.Liquidity providers take on their own risks, including changing asset composition and impermanent loss.Testing with small amounts is far better than assuming I understand what a button will do.
Where I am now
The biggest change is not the size of the Griff Coin liquidity pool. It is the way I now look at it.When I started, liquidity meant 'the thing I need so the coin can trade'. Now I see it as the actual depth and structure of the market: the place where price, trade size, slippage, fees and asset balances all meet.I am still learning. That is exactly why I am documenting it.Griff Coin was built as a way to understand crypto by doing it for real. Liquidity has probably been the clearest example yet of why that approach works. Every time I think I have reached the end of a topic, another question appears behind it.Which, by this point, feels very Griff Coin.
STAY CONNECTED
Griff Coin is still growing. The aim is to build a genuine community around the project, improve visibility, grow liquidity gradually, and keep developing the project step by step.If you have ideas, suggestions, feedback or simply want to follow the journey, come and find Griff Coin on X.What we’re working on -
- Growing the community
- Improving visibility
- Increasing liquidity gradually
- Making Griff Coin easier to find and verify
- Sharing progress openly
- Exploring future ideas as the project grows
RISK & LEGAL INFORMATION
High-risk cryptoasset -
Don’t invest unless you’re prepared to lose all the money you invest. Cryptoassets are highly volatile and their value can fall rapidly, including to zero.No financial advice -
Nothing on griffcoin.co.uk, the Griff Coin X account, or any associated social-media account is financial, investment, legal or tax advice.
Information is provided only to describe the Griff Coin project and its development.No guarantee of value or returns -
There is no promise or guarantee that Griff Coin will increase in value, maintain any particular value, remain liquid or continue to be tradeable. Past or current market activity is not an indication of future performance.Liquidity and trading risk -
Griff Coin may have limited liquidity. It may be difficult or impossible to sell tokens at the price you expect, and buying or selling can materially affect the market price.Technology and third-party risk -
Griff Coin operates using blockchain technology and relies on third-party wallets, exchanges, decentralised exchanges and other services. These may experience technical failures, hacks, outages, errors or changes outside the control of the Griff Coin project.Do your own research -
Anyone considering acquiring Griff Coin should independently research the token, verify the official mint address and understand the risks before making any decision. Never spend money you cannot afford to lose.No consumer protection guarantee -
Cryptoasset purchasers may not have access to protections such as the Financial Services Compensation Scheme or Financial Ombudsman Service if something goes wrong.Project status -
Griff Coin is an experimental community crypto project.
Features, plans, liquidity, availability and the roadmap may change or be discontinued.Official information -
The official website is griffcoin.co.uk and the official X account is @Sol_GriffCoin. Always verify the mint address using the information published on this website.Legal and tax responsibility -
Users are responsible for determining and complying with any legal, regulatory or tax obligations that apply to them in their own jurisdiction.Last updated: October 2026