DDEX exchange volume increased 3725%

[Pffrt]

DDEX exchange is now ranked 64th most volume exchange in CMC. It has a 3725% volume increase in the last 24 hours which seems very fishy to me. The top paid is ETHplode/ETH with a volume of $85,954,468 while ETHplode marketcap is only $86,451.39  CMC is doing some very stupid moves. They have said it's Adjusted Volume but still they are misleading people with wrong information.

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[mk4]

CMC hasn't really been strict in the first place, hence shady exchanges could always take advantage of fake volumes. Unfortunately, OpenMarketCap has been down for a while already. It's pretty much an alternative to CMC that mostly only gets data from reputable exchanges that are reporting legitimate data. Haven't found a decent alternative as of yet.

[joniboini]

I wonder who spent a whopping 85 million on a dex. CMC must be out of their mind. Coingecko shows very different stats. Even DDEX history shows that ETHPLO only has $400 USD volume.[1]

[1] https://legacy.ddex.io/trade/ETHPLO-ETH

[milewilda]

DDEX exchange is now ranked 64th most volume exchange in CMC. It has a 3725% volume increase in the last 24 hours which seems very fishy to me. The top paid is ETHplode/ETH with a volume of $85,954,468 while ETHplode marketcap is only $86,451.39  CMC is doing some very stupid moves. They have said it's Adjusted Volume but still they are misleading people with wrong information.

Its not really surprising that one day you can see a certain exchange that do pumps out its volume on 24 hour basis specially
if you can see that it isnt really that popular.You can directly point out that its just a shady thing.I cant completely blame CMC though
but they should at least control the information that been delivered.Numbers cant really be precise anytime  so its always advisable to take
a second look.

[rosezionjohn]

$85.9 million..Damn! I was checking DDEX's twitter account to see if they're celebrating about this huge volume but I couldn't see a single tweet.
Cases such as this one must be the reason that word "Beta" is still on the website. They can always come up with an excuse if there was a mistake.

[Pffrt]

I wonder who spent a whopping 85 million on a dex. CMC must be out of their mind. Coingecko shows very different stats. Even DDEX history shows that ETHPLO only has $400 USD volume.

As I said, people are switching from CMC, coingecko is better than coinmarketcap of course. I am more or less using coingecko.
Even if coingecko share a volume which they are not aware, they used to share a red signal in that volume. That's a good practice from Coingecko. They value their user than CMC.

Its not really surprising that one day you can see a certain exchange that do pumps out its volume on 24 hour basis specially

Come on mate, it's of course surprising. $89 million isn't tha surprise at all. It's 3725% which is insane. Who with right mind would believe this figure.

[joniboini]

Cases such as this one must be the reason that word "Beta" is still on the website. They can always come up with an excuse if there was a mistake.

I personally believe it's CMC's faulty API that makes the mistake. I can't find the history on the DDEX website, and there's nothing on their social media channel about this. On top of that, $86 million volume would seriously pump that token price to the roof which didn't happen.

[pooya87]

Cases such as this one must be the reason that word "Beta" is still on the website. They can always come up with an excuse if there was a mistake.

I personally believe it's CMC's faulty API that makes the mistake. I can't find the history on the DDEX website, and there's nothing on their social media channel about this. On top of that, $86 million volume would seriously pump that token price to the roof which didn't happen.

well that shitcoin has gotten about 50% pump so the jump in its volume is understandable.
besides that, coins like this that have small price and low volume can be manipulated a lot easier than others. someone could technically spend a very little amount of money on fees and constantly buy and sell at the same price to and from themselves to increase the volume to unrealistic values.

[Pffrt]

besides that, coins like this that have small price and low volume can be manipulated a lot easier than others. someone could technically spend a very little amount of money on fees and constantly buy and sell at the same price to and from themselves to increase the volume to unrealistic values.

That's pretty easy method to pump low marketcap coin. Look at the price of DeepOnion today. It has been pumped to $0.16 to $0.34 within couple of hours and now dumped to $0.20, there was no chance of liquidity since most of the buy orderwas pretty low to sell a big bag.
I think CMC has something to do with this. While both CMC and Coingecko had the same exchanges for ONION where the price increased, in coingecko, the price was more normal than CMC. CMC has become a real shit.

[pooya87]

besides that, coins like this that have small price and low volume can be manipulated a lot easier than others. someone could technically spend a very little amount of money on fees and constantly buy and sell at the same price to and from themselves to increase the volume to unrealistic values.

That's pretty easy method to pump low marketcap coin. Look at the price of DeepOnion today. It has been pumped to $0.16 to $0.34 within couple of hours and now dumped to $0.20, there was no chance of liquidity since most of the buy orderwas pretty low to sell a big bag.
I think CMC has something to do with this. While both CMC and Coingecko had the same exchanges for ONION where the price increased, in coingecko, the price was more normal than CMC. CMC has become a real shit.

CMC has nothing to do with any of this.
what you see is the very common pump and dump scheme that has been going on for years in the altcoin market among small cap altcoins (more accurately altcoins that have low volume and thin order books) because it is not only very easy to pump these coins but also the profit gained from such small coins is a lot more than bigger coins. in simple terms it is easy to pump a coin from 0.00000010 to 0.00000020 (100% pump) but it is extremely hard to pump it from 0.01 to 0.02 (same 100% pump).

[joniboini]

besides that, coins like this that have small price and low volume can be manipulated a lot easier than others. someone could technically spend a very little amount of money on fees and constantly buy and sell at the same price to and from themselves to increase the volume to unrealistic values.

I agree that this is possible. However, it's weird that the absurd rise in volume doesn't reflect on the website itself. Their 24 volume shows $400, at the same time CMC shows a different number. Either the exchange is fooling themselves, or CMC scrapper is buggy.

If somebody really spends lots of time & money just to inflate the token trading volume on a single exchange, they must love the token so much.

[JeromeTash]

CMC sucks a lot and the info in there is so misleading at times. It's why i prefer coingecko and in this case since DDEX is a Dapp, reading data from https://dappradar.com can also be a much better option

Another reason i think CMC may not be accurate is because DDEx not has 2 platforms in 1. The spot trading platform and the margin trading platform

[Mahanton]

besides that, coins like this that have small price and low volume can be manipulated a lot easier than others. someone could technically spend a very little amount of money on fees and constantly buy and sell at the same price to and from themselves to increase the volume to unrealistic values.

That's pretty easy method to pump low marketcap coin. Look at the price of DeepOnion today. It has been pumped to $0.16 to $0.34 within couple of hours and now dumped to $0.20, there was no chance of liquidity since most of the buy orderwas pretty low to sell a big bag.
I think CMC has something to do with this. While both CMC and Coingecko had the same exchanges for ONION where the price increased, in coingecko, the price was more normal than CMC. CMC has become a real shit.

CMC has nothing to do with any of this.
what you see is the very common pump and dump scheme that has been going on for years in the altcoin market among small cap altcoins (more accurately altcoins that have low volume and thin order books) because it is not only very easy to pump these coins but also the profit gained from such small coins is a lot more than bigger coins. in simple terms it is easy to pump a coin from 0.00000010 to 0.00000020 (100% pump) but it is extremely hard to pump it from 0.01 to 0.02 (same 100% pump).

Main difference when we do talk about value/price on each coin and reaching thousands of gains or stats would really be only possible with very cheap or close to zero price shit coins.
As said this is typical or just normal things that been happening already on a decade.Listing or reference sites like CMC doesnt commit mistakes on here they are just showing off
numbers basing on altcoin price movement.If its a small one then expect for those huge gains on daily basis.The only thing or what important here is that everyone should
really be keen on checking on whats happening behind that particular coins.