Wow, how is the finex price 7 dollar higher than stamp. Never seen it being higher than 2$ before . 7$ is a big opportunity for arbitraging
Because someone has plunked a 7k wall up to $300 on stamp.
Whoever it is is not a sophisticated trader or he would have walls on multiple exchanges. losing $5/coin selling on Stamp is costing him at least $35,000 for that wall.
only makes sense if that 1 person(s) are trying to buy all the coins on finex/china and just using stamp to keep the price under 300$ knowing that they have the lowest volume and it takes 24hr to wire money onto the site.
I think it's within the realm of possibility just examining the orderbook and how staggered the walls are at 296$+ on stamp.
But thats easily a many many million dollar operation. If someone wanted to buy millions of coins cheaply, they couldve just entered the auction themselves/
also stamp hasnt broken $294 so none of those walls have been touched.
Ya or its a way to spring the market. If he suddenly pulled the wall we'd go over 300 easily.