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Re:I watched a friend of mine pump a shitcoin on Binance by ... by Asparagirl on Tuesday July 12, 2022 @09:56AM (#32069993)
Yup. Wash trading by bots is endemic throughout crypto, worse on certain specific exchanges but prevalent throughout. Very very little of the volume is from real live people buying or selling!
Re:I watched a friend of mine pump a shitcoin on Binance by ... by 3np on Tuesday July 12, 2022 @10:02AM (#32070106)
Not necessarily wash trading (though it does occur), a lot of it is just perpetual chain reactions of bots. Remove exchanges with no or negligible fees from the calculation and the volumes for these coins tend to plummet.
Re:I watched a friend of mine pump a shitcoin on Binance by ... by sosuke on Tuesday July 12, 2022 @10:14AM (#32070272)
I wonder if a bot limited exchange would be able to succeed?