In Feb 2018 i made a list of ICOs to invest in. These were highly hyped and advertised coins. I am looking today at the curves and they are all flat liners!
The day trading volume is 10 times the market cap, as if the company was being bought and sold 10 times per day. If it's market manipulation then it's idiotic. If it's trading bots manipulation then it is machinidiotic.
Any good explanation of how this can happen?
If you look carefully, the size of the volume does not belong to today only. Pay attention to the last one month chart and you will see that only in the end of November the volume was around 1 million, afterwards there were even times when it reached 4 million and for the large volume, the price has moved very little.