Has anyone else noticed very suspicious trading of OAX on the exchanges?
For example, take a look at trades on Binance over the last few hours. Every trade is below 200 OAX. Almost all trades are under 60 OAX, or between 150 and 190 OAX. Every trade is a sell.
Watch the market for a few minutes and you will see that a new buy order comes in just slightly higher than the current higher buy order. Then immediately a sell order matches it exactly.
Makes no sense - why are the orders so similar, and why is someone waiting to sell 150 OAX at 0.0012929 when they could sell for 0.0012925 immediately? Seems like market manipulation.
Hello hengar,
Thank you. Interesting observation. I will take a view and try to understand.
"Why is someone waiting to sell 150 OAX at 0.0012929 when they could sell for 0.0012925" - it seems the first price is higher than second.
Anyway I haven't my opinion on this situation. Should be researched and only then any conclusions can be made.
The official position of the OAX Foundation is not to comment on secondary markets.
I don't think this is manipulation even if a bot is buying or selling. I have just bought another bag 227 OAX for o.27 ETH. Etherdelta is a decentralized and this is how people making trades sometimes I see buy orders lower from sell. There is a lot of newbies just learning on rare tokens from airdrops and bounty. For some people using Bittrex is hard and they need tutorials to trade. There are hundreds of mistakes being made daily on Etherdelta.
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