Bitcoin Diamond trading volume is now yuge

[bluestar1000]

In the past day or so, Bitcoin Diamond's trading volume has increased hugely.

Currently now up to $920,774,000 USD. Which puts it 11th in the list of most traded cryptos.
Nearly all of it is on OKex and between BCD and BCH. (Note: OKex is a Hong Kong based exchange)
Although the price has slowly drifted downwards over the past few days, now at $24.3.

Can anyone explain?

$906,273,000 BCD/BCH
$3,516,290 BCD/BTC

[lakimens]

I too am wondering why it has that high of a volume with BCH..

[bluestar1000]

24 hour trade volume just hit 1 billion.

[Spoetnik]

LIEKZ OMG IT'S YUGE !

ahahha stupid fucking noob reject pajeet investard 

[mamabtc]

technically, everyone who holds BTC received an equivalent amount of BCD after the fork.  so the coin’s value will be pumped artificially high in the beginning.

[gazilla]

I do not know what happened and what's more is that the price of BCD varies significantly from exchange to exchange. Just this week I lost 1000 bucks on BCD that I had bought in Gate.iom and the price plummeted to 15 dollars, while in Kucoin and Yobit it was around 50, what is worse is that none of these exchanges allow you to transfer BCD. All this because apparently no one knows who is behind BCD, then again we have the same thing with Bitcoin. But people will be people.

[bluestar1000]

technically, everyone who holds BTC received an equivalent amount of BCD after the fork.  so the coin’s value will be pumped artificially high in the beginning.

Bitcoin Diamond was actually a 1:10 ratio.

[madtea]

Not sure about trading volume but I would keep my BCD, like I kept all the other forked coins.

[bluestar1000]

I do not know what happened and what's more is that the price of BCD varies significantly from exchange to exchange. Just this week I lost 1000 bucks on BCD that I had bought in Gate.iom and the price plummeted to 15 dollars, while in Kucoin and Yobit it was around 50, what is worse is that none of these exchanges allow you to transfer BCD. All this because apparently no one knows who is behind BCD, then again we have the same thing with Bitcoin. But people will be people.

Yeah cryptocurrencies often vary greatly in price across exchanges.
The trend with these forks (after BCH) has been falling prices after their debut, but Bitcoin Gold has since stabilised recently.
So i think it's best to hold off for a good while before considering buying any, especially since like you say, there's still question marks about BCD, and several others.