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!
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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.