Has a trading volume of $187 MILLION!
Who knows how much of that is real volume but the exchange hosting its one trading pair (BitMart) made a fortune because of this scam. At 0.25%, their starting trading fees are pretty hefty, too. Let's say the majority of trading was done at a fee of only 0.1% on both sides of a trade, that is
(187,000,000 x 0.001) x 2 = $374,000 in trading fees in the last 24 hours alone.
Isn't the percentage of the fee charged from the shitcoin and not USDT. If it is then the manipulator won't care since it's a shitcoin anyway
Based on the trend. Its seems only few manipulator(probably dev or team) controls it. My friend were able to profit with this prior to this huge dump.
Yeah, the manipulator probably holds a majority of the coins and some USDT. So what they are doing is basically keep buying the tokens at increasingly higher prices with no sell order to dump the price until some newbies fall for the trap and also buy the tokens due to FOMO and then at one point, they will just dump the price. Scammer gets the USDT, newbies remain with the worthless shitcoins.
Im starting to think why Bitmart allowing this kind of project on their market. Seems odd to see an abnormal market for this. Only if other traders hanging out here they could see some feedback but not. What's on their mind are all pure profits.
It's a shit exchange that might also be operated by scammers. it needs to be investigated.
I am adding a newbie flag to @winter1001, the stupid scam promoter.
Please support the flag:
https://bitcointalk.org/index.php?action=trust;flag=2304