Anyone playing the arbitrage angle here? I just noticed price is ~$115 on Hotbit but $130 on Bitforex and Bilaxy.
I wish a lot of luck doing arbitrage on these two exchanges with such low and faked liquidity there.
From what I know at least on Hotbit volumes are faked by bots and on Bilaxy I haven't traded so far but they are not standing high in the exchanges trust score on Coingecko or CMC either.
I am afraid that to some extent these prices are used to attract not experienced users to try small arbitrage trades but believe me this is not what arbitrage is and how you make money on it.
At least some decent volumes are needed or a good strategy to be successful, don't mention experience, knowledge and of course all information about the exchanges, you are going to trade on.
PS
I have to add that I have nothing against the CPI token or project. These exchanges (at least Bitforex) are known from such shady practices as wash trading and nobody can do much about it.
This is a well-known problem in the crypto industry and I hope that decentralized exchanges and protocols like Compound, Balancer or 1inch are the cure for this plague.