 | Unusual volume has been observed in both HTX (formerly known as Huobi ) and its partner company Poloniex. HTX which has partnered with TRON had the highest volume of 20B in August 2023 (this month had one of the lowest volume in crypto among all exchanges since 2019 ). NOTE HERE THAT THE PEAK OF BULLRUN IN 2021 BARELY CROSSED 10B. But the same volume was crossed and doubled in just a month in August & September of this year. Compare this with HTX which created fake volume during WLD COIN Launch. For examples these shady have transactions have also contributed to increase of 400 % from the normal volume. Data also shows that 350M of USDT was sold on HTX for USDC and 400M USDC was transferred to Binance. The transfer to binance is concerning as the money was supposed to be customers funds which match almost 400M sent to Binance. Questions to be raised
Source of the insights are included here (Kaiko). Kindly give it a read as it is very informative and goes in depth. [link] [comments] |
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