Quote from: Davian144 on December 20, 2020, 06:33:36 AM

Quote from: coinmaster2004 on December 18, 2020, 11:02:29 PM

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

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.

When there's no a lot of sell orders in the market and the whales wanna try to buy a lot of USDT and it might give a pump to the price of USDT will be above $1.
That will be always happening when the whales wanna try to buy all of the orders instantly without trying to do that slowly. that's a common thing that's happening in the cryptocurrency.