Quote from: o48o on November 16, 2024, 06:08:29 PM

Quote from: Loco1887 on November 15, 2024, 11:39:22 PM

Quote from: o48o on November 15, 2024, 11:28:30 PM

It's even worse than that. I quickly looked at CEXes it's been traded at and all top 6 trading pairs except the one in Kraken has mostly wash trading. It didn't come as surprise as all of those sites are notorious for open wash trading.

If you don't believe me, check them out yourself. If you don't know how to do that, it's quite fast and easy: look at the orderbook walls and compare it to buys and sells, if buys and sells are happening between them, without touching the buy or sell orders, that's wash trading. I am amazed how they still aren't even hiding it better.

Also their volume often doesn't reflect the buy or sell wall sizes in sites where fake volume is the worst. If someone actually market sells or market buys in them with same or lower volume, walls can't hold them and they leave spikes to charts.

This isn't rocket science and imho everyone should know how to spot it.

What do you mean by that? Its a scam? Once again CPOOL has no movement

I literally explained everything in my sentence, so i am confused.

Is what a scam? CPOOL? I wouldn't know. What i do know is that most of the volume you referred to, is verifiably fake, so i said it was worse. I even gave you tools how to confirm it yourself, so you don't have to just trust my word.

So you need to elaborate your question. If it's about the concept wash trading, that means artificially inflated trading volume. That's not done by the devs, but the CEXes. Though it can be a service that devs are paying for while listing it.

No matter if the project itself is a scam or not, i already said that chart looks fine, so i wouldn't focus on something i couldn't confirm.

Volume is lower than ever. 1/23 of ONDO and yet they pay for that volumen?