Spike in Bitcoin Transactions

[statdude]

Whats with the spike in transactions? You'd think this would correlate to a possible price spike? Can anyone determine where it's coming from?

https://www.coinbase.com/charts

I've heard suggestions much of this volume is faked.

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[Amph]

i don't think it's fake, it could be because of some recent good news, if you are talking about that on 29 may

but on the other hand, quandl, show less TX per day, on the same day, 123 vs 147

i can't checl on blockchain info to compare, as it is down at the moment, but i checked blockr.io and they also show 123

i'm starting to think that you have a point, about the fact that they are faking those TX

[Newar]

Some sort of spam experiment: https://bitcointalk.org/index.php?topic=1075590.0

[randy8777]

not everything has to turn into a higher price. you should know that as hero member. so many of these transactions are dust just to make things look good.