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?
Click on image to zoom
https://talkimg.com/images/2024/09/14/BBBa2.jpegIt is basically happens when Binance list any crypto currency, I assume that it is just for their test to make everything is working fine or not. no one is able to buy or sell at this price.
