simondixontwitt on Nostr: $CEL brings out the worst in people. Quoting @ChazzonKe: Follow up to the wash ...
$CEL brings out the worst in people.
Quoting @ChazzonKe:
Follow up to the wash trading.
90% of all transactions can be consolidated into 12 wallets. As you can see da7b accounts for 27% of all transactions, and 22% of total value traded/moved.
3 Wallets, da7b,d377, and aa40 account for account for 49% of trading value.
7/12 wallets have perfectly matched inflow/outfly of CEL tokens, with 3 having more outflows, and 2 having more inflow.
As should be more than evident, this is wash trading. This is not normal market behavior, but likely as we've seen prior an attempt to raise the value of a token because a group is upset and trying to "prove" to the court the token has value by doubling down.
Cause if fraud didn't work the first time, why not try again right?
Quoting @ChazzonKe:
Follow up to the wash trading.
90% of all transactions can be consolidated into 12 wallets. As you can see da7b accounts for 27% of all transactions, and 22% of total value traded/moved.
3 Wallets, da7b,d377, and aa40 account for account for 49% of trading value.
7/12 wallets have perfectly matched inflow/outfly of CEL tokens, with 3 having more outflows, and 2 having more inflow.
As should be more than evident, this is wash trading. This is not normal market behavior, but likely as we've seen prior an attempt to raise the value of a token because a group is upset and trying to "prove" to the court the token has value by doubling down.
Cause if fraud didn't work the first time, why not try again right?