I watched XPY come out of nowhere and being number one in volume for weeks, and even now when it's supposedly a big scam, it's still often the number in volume.
The reason it was able to get such high volume is that GAW first built up trust as a cloudminer. If Zencloud was never a thing then nobody would have bought into this shitcoin.
People got into it as cloudminers, Primes and Zens were at first invested in as normal miners with unannounced features. Then XPY came around and people did what they thought was the logical thing, which was to mine the pool that was the most profitable.
It didn't get such high volume as a coin itself, it got the volume it did because the investments had
already been made in Primes and Zens. You couldn't sell your hashlets back to GAW, you could only sell if somebody else was buying on the hashmarket. That means money was going in to XPY, but couldn't come out until it went public. This gave it the illusion of being popular when it was just people running for the doors.
It only was high while Homero was pulling his stunt buying for $20 on exchanges, then it sank into shitcoin mode once no external money was being pumped in and everybody trying to get out.
As for "It's still often the number in volume" it can't beat a coin with a funny dog's face on it, and this is with a supposedly multi-million dollar adoption fund. And none of this volume seems to be going up until Homero tries to pump it, after which it gets a massive dump.
If this was a legit coin why would one of the higher-ups be helping me out to keep telling people on Hashtalk what a scam it is? Why did Garza refuse my invitation to a video chat where he could answer all the things people want to know about what's going on? Why did their GM call it a sinking Titanic and say he was looking for a way out without getting fucked?
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