How Binance Listings Pump and Kill a coin's worth within 24 hours !

cryptomaniac69 (25)in #binance • 6 years ago

So last night binance announced on their twitter and other social media platforms about a new listing, Byte coin ( BCN )

Screen Shot 2018-05-08 at 9.49.54 PM.png

Shortly after we saw a pump for that coin on exchanges such as Hitbtc where it was already listed. 180% pump within 24 hours just on HITBTC

Screen Shot 2018-05-08 at 9.52.59 PM.png

Now the binance graph it started trading at 950 sats, got pumped to 2600 sats within a short time AND you called it !! It dumped so hard taking poor little joe along with it, who just Baught some due to FOMO !

Screen Shot 2018-05-08 at 9.54.29 PM.png

Now from 2600 satoshies it is down to around 300's satoshis ! That is absolutely insane how it dumped ! aslso the hit bitc price only went till 200 satoshis ! Clearly an opportunity to arbitrage trade between the two exchanges.

However then this happens > Screen Shot 2018-05-08 at 9.50.12 PM.png

Market manipulation by binance and bytecoin ? Possible ? Just one of the theories floating around and i would watch out for new listings and learn from these examples on what to do.

Thank you for reading.

#listing #manipulation