Altcoins Talks - Cryptocurrency Forum
Archive => Beyond Protocol => Promoted section that are no longer active => Price discussion => Topic started by: Freemind on June 07, 2022, 11:37:09 AM
-
Hi everyone,
We want to expand upon the message we previously shared today about the sell off which you can find here: https://t.me/beyondprotocol/338752
Based on the volume of tokens the programatic trader is selling in the five minute intervals, the two conclusions we have been able to draw is that it’s:
I. Huobi, which received tokens prior to listing as part of the fee arrangement - as of this morning, they have stated it’s not them
II. A rogue or misprogrammed bot which is buying gradually over the first four minutes of the interval and then selling hard at the fifth, causing the price to fall based on how the liquidity populates by the market maker
We’ve reached out to both Huobi and WinterMute for further information.
As MyCointainer and on-chain data supports, insiders are not selling.