{
  "url": "https://www.moonstonehq.com/articles/the-liquidity-ledger",
  "slug": "the-liquidity-ledger",
  "title": "The Liquidity Ledger: The Market's Hottest Slabs Trade 40 Times a Week. Its Trophies Trade Four Times a Year.",
  "summary": "We started recording how often every tracked slab actually changes hands. The spread is brutal: chase PSA 10s clear 34 to 44 sales a week while 53 high-value card-grade pairs in our ledger, across 46 distinct cards, did not record a single sale all window. Price is what a card asks. Liquidity is what it answers.",
  "section": "Data forensics",
  "published": "2026-08-27",
  "readMinutes": 6,
  "publisher": "moonstone",
  "findings": [
    {
      "value": "175",
      "measures": "card-grade pairs in the ledger",
      "basis": "verified eBay solds, recorded over time"
    },
    {
      "value": "4.7/wk",
      "measures": "median sales velocity",
      "basis": "among the 108 pairs with any sales"
    },
    {
      "value": "43.75/wk",
      "measures": "the fastest slab",
      "basis": "Mega Charizard X ex PSA 10"
    },
    {
      "value": "53",
      "measures": "pairs over $300 with ZERO window sales",
      "basis": "the frozen tier"
    }
  ],
  "tables": [
    {
      "title": "The hottest slabs on the ledger (verified sales per week)",
      "columns": [
        "Card",
        "Grade",
        "Sales/week",
        "Median"
      ],
      "rows": [
        {
          "Card": "[Mega Charizard X ex](/card/me02-125), [Phantasmal Flames](/set/phantasmal%20flames)",
          "Grade": "PSA 10",
          "Sales/week": "43.8",
          "Median": "$2,001"
        },
        {
          "Card": "[Lugia V](/card/swsh12-186), [Silver Tempest](/set/silver%20tempest)",
          "Grade": "PSA 10",
          "Sales/week": "42.7",
          "Median": "$1,413"
        },
        {
          "Card": "[Umbreon VMAX](/card/swsh7-215), [Evolving Skies](/set/evolving%20skies)",
          "Grade": "PSA 10",
          "Sales/week": "36.8",
          "Median": "$4,300"
        },
        {
          "Card": "[Pikachu ex](/card/me02.5-276), [Ascended Heroes](/set/ascended%20heroes)",
          "Grade": "PSA 10",
          "Sales/week": "34.3",
          "Median": "$2,400"
        },
        {
          "Card": "[Gengar VMAX](/card/swsh8-271), [Fusion Strike](/set/fusion%20strike)",
          "Grade": "PSA 10",
          "Sales/week": "32.2",
          "Median": "$2,480"
        }
      ]
    }
  ],
  "charts": [],
  "sections": [
    "The frozen tier is where price stops meaning anything"
  ],
  "method": [
    "Sales velocity = growth in verified sold sample sizes between the first and latest snapshot per card-grade pair, annualized to per-week, minimum 7-day span, across the 175 pairs our graded snapshot system tracked through August 27, 2026. Sample counts come from eBay sold listings individually verified by our pipeline. The cohort skews toward chase cards (that is what the snapshot system watches), so the median velocity here reads HIGH versus the whole market; the frozen tier is likelier to be undercounted than overcounted. Zero-sale windows can also reflect listing-title drift; we treat sustained zeroes across multiple windows as the real signal. Not financial advice."
  ],
  "terms": "Figures are moonstone's own recorded measurements, dated as published. Quote them with the population stated beside them. The article at `url` is the human form of this file."
}