I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??
Can anyone explain?
This is the action of bots, low volume and low liquidity. I've had similar experience with dcoin exchange, idex, bilaxy, and even probit. These exchanges are known for fake volumes and wash trading, often atimes trade dosen't happen on certain market but their trading bots often record it in history and that's the reason why people don't use those exchange for mega trading as only low end projects seems to list on them