Post
Topic
Board Trading Discussion
Re: Newbie: What are those mysterious spikes?
by
Tytanowy Janusz
on 19/12/2020, 17:34:33 UTC
I have noticed those spikes in all stable coins (sometimes with more insane prices > $1.5)

This 1.5$ is "Fat-finger error". Whale wanted to dump 100 000 and dumped 1 mln by mistake. It may also be a bug in algo trader code (most likely triangular arbitrage).

According to this 1.03 $ on binance. I guess that a 10 million $ whale wanted to do fast swap.