@oliviaandrew
Liquidity transparency requires clarity in how circulating tokens are distributed and used. Evaluate disclosures on treasury management, exchange listings, and liquidity pool allocations. Check whether lock-up schedules, burn policies, and treasury wallets are verifiable on-chain. Regular transparency reports add credibility, while vague or missing disclosures suggest manipulation risk. Projects with open tracking of liquidity movements foster user trust and reduce volatility. Poor liquidity transparency often leads to surprise sell-offs or governance instability, undermining long-term confidence.