Most numbers on a coin describe the coin. One number describes your position in it: your size compared with the pool. Two people can hold the same coin and face completely different exits, because one holds a sliver of the pool and the other holds a slab of it.
Why this ratio
When you sell a token on-chain, the pool is the buyer. It pays out of the money it holds. A sale that is tiny against the pool barely moves the price. A sale that is large against the pool walks the price down as it fills, and the last part of the order gets much less than the first. How an AMM prices a token sets out the mechanism.
The arithmetic of a simple pool
In the simplest pool design the two sides are equal in value. So about half of the quoted depth is the money side, the side a seller draws from. That halving is the first adjustment to make.
The second is the cost of size. In that design, a trade equal to one percent of the side it trades against fills about one percent worse than the shown price on average. The cost grows with the trade. A sale equal to a tenth of the money side gives up roughly a tenth of its value to the curve. Other pool designs behave differently, as why a pool can look deep and trade badly explains, and usually not in the seller’s favor.
On a real pool
On 4 October 2026 the top coin on the Robinhood Chain trending list had a pool of about $23,000. Roughly half of that is the side a seller draws from. A position of a few hundred dollars is already a few percent of it. A position of a few thousand dollars is a large share of everything the pool can pay.
That was the first coin on the list, the one most people would see first.
Small is relative
A position that feels small in an account can be large in a pool. The account does not matter to the pool. Only the ratio does. The same dollar amount is a rounding error in a pool holding millions and a market-moving order in one holding thousands.
Many holders, one pool
Your ratio is the best case. It assumes you are the only seller. Every other holder is drawing on the same pool, and the pool pays in order of arrival. If holders together own many times what the pool can pay, most of that value cannot be realized. That is why market cap on a thin coin overstates what holders have, as market cap versus pool depth sets out.
The pool can also shrink between entry and exit. A ratio that was comfortable on the way in can be very different on the way out.
Where NoVo shows it
The Crypto Market Map shows pooled depth in dollars for tokens on Robinhood Chain, Solana and Base. That is the denominator. The numerator is yours. NoVo reads no account and holds no position data, so the comparison is one the reader makes.