Post
Topic
Board Trading Discussion
Re: Newbie: What are those mysterious spikes?
by
Davian144
on 20/12/2020, 06:33:36 UTC
Hello,

I have noticed those spikes in all stable coins (sometimes with more insane prices > $1.5)

Example:
https://imgur.com/a/aZdPN1q

Looks that a big amount of money is traded for an illogical price for a stable coin

Can anyone explain to me what are those spikes?

Thank you Smiley
What exchange did you find it in? because I saw the spike as just a surprise to lure traders on the exchange, because USDT and DAI are both stable tokens even though it doesn't seem logical for stable tokens like USDT and DAI.