Recently there's been a lot of new Asian exchanges that are starting to pop up and do IEO's that seem to always profit... Market manipulation possibly? I don't know much about the Asian markets so I can't really make an accurate estimate.
It's a manipulation. BW, for example, do an IEO program where almost every IEO get at least 10x return. I don't know where their funds come from but pretty sure they'll sell their allocation to the market after they finished their pump.
Binance is doing that too. Take a look at the charts, and you'll see lots of IEO has a big green candle for the first 1-2 days and star to flatten and die out later.
It's a very biased list, probably paid advertisement since I see CoinTiger is there.
It's more than that when you see BKEX on top of the list. This is next-level Chinese attack.
I m wondering the same thing too. Why alot of those exchanges are based in island caiman?
Because they can run away when things go wrong. Ff they register their business in a country like the US, then their market pump fiasco won't be possible.