As you guys know, there was a Matic token swap to Polygon on Binance and other exchanges. Yesterday, Polygon got listed again on Binance but there was a sudden, unusual behavior. Matic's price was nearly 0.39 USD and someone paid up to 1 USD per token and then the price went down to normal price again.
This isn't something new of course, I have seen it many times but I don't really understand why such spikes happen. Why would someone pay $1 on Matic when he or she could buy tons of it for only $0.39?
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I think this is usually from the project owner to attract more attention to people while it got listed, what you should know is that this is something very common to exchange especially with centralized exchange. I could also remembered then when a coin I was holding spike to something else and it was a dream to me and I kept asking why didn't I placed a sell order when they opened deposit as then include had made some x before the price drop to the original price or a more stabilized price.This isn't something new of course, I have seen it many times but I don't really understand why such spikes happen. Why would someone pay $1 on Matic when he or she could buy tons of it for only $0.39?
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