Post
Topic
Board Speculation (Altcoins)
Re: WTF is Nimiq- up 112524.00%
by
boulard83
on 18/07/2017, 02:13:20 UTC
Seen this.
Someone repeatedly bought 0.001 NET for .004 ETH, effectively selling NET for 4x the price of ETH.  This apparently tricked CoinMarketCap and, averaged with other transactions, this led to the price we see on CMC.  I imagine that the individual knew exactly what they were doing, drawing attention to the project.