So much of Upbit is wash trading. I don’t put much faith in their reported volume. 200%+ of market cap trading on one exchange in a 24-hour period?
So much of Upbit is wash trading. I don’t put much faith in their reported volume. 200%+ of market cap trading on one exchange in a 24-hour period?
They always have the highest volume, I'm not sure why, but also the exchange does a lot of hbd to hive conversions even on the internal market.
I don't know what to think of it, but on this pump, it was coming from Binance as an outlier to normal patterns.
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