After the high volatility in the price of Adventure Gold (AGLD) and StormX (STMX), manipulation allegations flared up.
Adventure Gold price 20 July a day long gone to volatility testified. After the activity in this project, which has a low transaction volume in the market, price manipulation voices arose.
on the 20th of July 47% with a rise $0.95 from the level for $1.40 AGLD, which rose up to for $0.78 fell down. 21 July‘from to July 24 The token, which continued its severe decline in the process until At $0.62, down 55% is being traded.
Notable transactions on Bybit
During this sudden activity of AGLD, the cryptocurrency exchange at Bybit remarkable transactions. Known for Bybit’s success in futures competitions DeFi^2 a named userpast within 1 week participating in the futures table and in a short time top three your accounts alone AGLD revealed that he traded:
Currently, it seems that some malicious actors are roaming the market. Be careful if you are trading on assets with low market value.
South Korean effect on a similar move: moves from Binance
A similar pump-dump movement was experienced in StormX (STMX). on the 23rd of July from 100% experiencing a high rise STMX, $0.00657 from the level $0.0134 jumped up. The token, which has withdrawn in a short time, is at the time of writing. From $0.00646 is being traded.
While this high volatility brought a possible price manipulation to the mind of the crypto community, there was no official statement from the team of the project. on the other hand Binance customer service In the statement made by the company, it was stated that the technical team is working on the status of STMX futures contracts.
We appear as STMX’s main liquidity source. South Korea’s leading cryptocurrency exchange Upbit coming out. of STMX $495 million transaction volume 72% Upbit provided on the side.