and daily sales are 5-15 thousand US dollars. I think people are day trading it or something.
Actually I see fake volume on cryptopia on many pairs. Not only on BIP.
What does that mean? Is it something Cryptopia is doing?
I bet it's a witch^W exchange's craft, ask/bid appears then immediate sell/buy happens, this is how you pump volume to attract customers. Hitbtc is/have been famous for this kind of advertisement.
ah. yeah. A while back it just jumped up to that one day and has been like that since. And someone had told me they were making a little money daytrading BIP, so I assumed that's what it was.