Huge Volume on GXX

in #ethereum • 6 years ago

Did you notice volume jump massively on Coinmarketcap, from about $20 Billion to $28 Billion:

2018-07-28_10-26-40.png

It almost appeared to be frenzied selling or new money entering the market.

Again according to CoinMarketCap, $6 Billion new volume came from EXX Exchange alone. With Ethereum / USDT pair accounting for the majority of this volume.

volume.png

Looking at the exchange, volume appeared at 3am this morning. The buy and sell candles appear in equal sizes hinting at automation,

false - market maker volume.png

and the speed of the buy and sell orders, with tens to hundreds of orders per second also hints of bots.

process payments2.gif

What do you think? Is this genuine or false volume?

#cryptocurrencies #exchanges #coinmarketcap
6 years ago in #ethereum by
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     6 years ago 

    looks washed @mentium - but not the first time!

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     6 years ago 

    Totally agree - some fake volume here

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