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?
Every freebie like this often happens in the market, not only on Binance. If you look at the crypto market, this is nothing new. The analytical graph which has the potential to rise suddenly without realizing it in the near future will decline drastically because the crypto algorithm is not in line with the predictions according to the analysis. It's not a rare thing that candles change all the time, especially when new coins appear on the sales exchange. Most beginners when they see something like this panic and rush to take action, I think this is something that normally happens on large exchanges like Binance.