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Buying moons price impact, mexc vs sushiswap

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by COINS NEWS 60 Views

I just swapped 4.605 eth to moons and got 25,037.4 moons using sushiswap. It was at about 32 cents and my swap comes out to 32.7 cents/moon

If I had market bought moons on the mexc order book, it would’ve jumped the price up to about 37 cents

if someone bought 145,000 moons via market order on mexc right now, we would see $1 moons ????

Whereas liquidity from SushiSwap is much more automated from the liquidity pool that just balances the moon to eth holdings to have equal dollar value

If someone market bought 145,000 moons via swap on sushiswap, the price would only move ~17% = ~39 cent moons

(Thanks to all of you liquidity providers, for your sacrifice.)

(I don’t keep my moons in my vault, I keep them in cold storage since there’s no penalty for not holding paid-for moons)

P.s. anyone who has bought on mexc before, have you noticed that bot that immediately outbids you if you barely bid over highest bid?

submitted by /u/GMEthLoopring
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