Ravencoin Pump Price Action Suggests Insider Trading

Ravencoin Pump Price Action Suggests Insider Trading
фото показано с : beincrypto.com

2019-12-4 14:21

Ravencoin (RVN) is up 19 percent on the daily timeframe, but some on Twitter couldn’t help but notice strange market activity preceding the rise. Many are claiming it is clear evidence of insider trading.

Earlier today, Binance added margin trading for Ravencoin (RVN). The announcement itself caused an expected uptick in price, bumping up the cryptocurrency by 19 percent on the daily timeframe — at the time of writing. However, it seems like some insiders knew about the announcement in advance.

RJ (@RJ_Killmex) recently tweeted out a graphic demonstrating Ravencoin’s strange market activity in the hours preceding Binance’s announcement:

RVN was trading along a relatively flat line for seven days straight. 12 hours before the Binance announcement, we see a small uptick with a negligible increase in trading volume. The uptick continues for hours until the announcement itself. Within an hour preceding the actual announcement, RVN explodes upward and then Binance’s unveils that it will support margin trading for Ravencoin.

Altogether, the situation is suspicious — and many have been quick to point out that it clearly demonstrates insider trading.

Describe the state of the altmarket – RVN pic.twitter.com/tk6jvcHAS8

— RJ (@RJ_Killmex) December 3, 2019

Ravencoin Pump: Insider Trading or Coincidence?

The coincidences in the chart seem too clear to be disregarded and we can safely say that some in the cryptocurrency industry bought RVN beforehand — knowing about the announcement in advance.

Altogether, if insider traders bought in the day before and sold at the height of the announcement, they would have made some 20 percent in profits. However, some took this to be a relatively paltry sum for such an apparently extensive insider trading operation.

What's that? A pump for ants?

ALL THAT FOR A CRUMB OF 20% https://t.co/fxJbqhEgAw

— [ Romano ] (@RNR_0) December 3, 2019

Common Practice in Cryptocurrency

It’s unclear who is supplying traders with insider information, but the story is incredibly believable given how unregulated the cryptocurrency market remains. Market manipulation continues to be relatively common.

Just recently, BeInCrypto reported that a pump-and-dump sent one altcoin soaring by over 7,000 percent. Storeum, another altcoin, managed to reach a $300M market capitalization with just $40,000 in trading volume. Both of these cases point to more extreme forms of insider trading and collusion compared to Ravencoin — but, nonetheless, demonstrate a malicious tendency within the industry.

Images courtesy of Twitter.

The post Ravencoin Pump Price Action Suggests Insider Trading appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Open Trading Network (OTN) на Currencies.ru

$ 0.0064948 (+0.67%)
Объем 24H $0
Изменеия 24h: 1.44 %, 7d: 12.76 %
Cегодня L: $0.0064948 - H: $0.0064948
Капитализация $13.149k Rank 2181
Цена в час новости $ 0.0221493 (-70.68%)

trading insider ravencoin notice preceding strange market

Источник: beincrypto.com

trading insider → Результатов: 126


First NFT insider trading case launched: Potential to set precedent for digital assets

Former OpenSea product manager, Nathaniel Chastain, has been accused of insider trading — marking the first criminal insider trading case involving digital assets, according to a Reuters report. According to the report, Chastain has been accused of using confidential information to secretly purchase NFTs — later profiting by featuring and selling them on the OpenSea […] The post First NFT insider trading case launched: Potential to set precedent for digital assets appeared first on CryptoSlate.

2023-4-25 18:02


Crypto’s Self-Policing Unveils Insider Trading at $1.5 Bln Valued NFT Marketplace, OpenSea

Popular non-fungible token (NFT) marketplace OpenSea addressed the reports of its employee being involved in insider trading. It was only this week that it “learned that one of our employees purchased items that they knew were set to display on our front page before they appeared there publicly,” said Devin Finzer, CEO and co-founder of […] The post Crypto’s Self-Policing Unveils Insider Trading at .

2021-9-17 22:10


Фото:

‘Thank God They Cleared Themselves’ – Coinbase Finds No Hint of Insider Trading

Coinbase has revealed unofficially that its internal investigation into insider trading of Bitcoin Cash found no evidence of foul play. ‘No Disciplinary Action’ In private comments to Fortune, the US’ largest cryptocurrency exchange said that as of last week, the long-awaited investigation had come to an end, but that “no disciplinary action” would occur.

2018-7-25 12:00


Фото:

Report: Japan’s Crypto Exchange Body to Release Rules

Japan’s Virtual Currency Exchange Association (JVCEA) will reportedly be releasing new voluntary rules next week, Cointelegraph Japan reports today, June 18. The official announcement of the regulatory guidelines, set for June 27th, will reportedly include a ban on insider trading, penalizing cryptocurrency exchange employees if they engage in “inappropriate” trading due to their firsthand knowledge.

2018-6-19 01:32


Глава Skycoin признался в торговых манипуляциях с токеном компании

Пользователь Twitter Джаред Данн (Jared Dunn) выложил двухминутную аудиозапись, на которой генеральный директор компании Skycoin Синт (Synth) признается, что некоторые члены команды и администраторы Telegram-канала производят торговые манипуляции с монетой SKY.

2018-6-18 16:01


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP holders dump tokens: Will price drop below $0.50 now?

The price of XRP could drop to $0.48 after a ton of holders sold the token. Volatility spiked, network activity slumped, indicating that recovery Addresses with 100,000 to 1 million XRP haveThe post XRP holders dump tokens: Will price drop below $0.50 now? appeared first on AMBCrypto.

Ripple records a strong Q1: What does the future hold for XRP?

Ripple made massive progress in Q1 in many areas. Development activity on the network fell. Ripple [XRP] saw massive fluctuations in terms of price over the last week. However, the progress The post Ripple records a strong Q1: What does the future hold for XRP? appeared first on AMBCrypto.

Ethereum's transaction size falls 54%: Why it's not bad news for ETH

ETH could be close to its bottom after the transaction size failed to spike. While the price might slip, traders are convinced of a quick recovery. On the 19th of May, AMBCrypto observed thaThe post Ethereum's transaction size falls 54%: Why it's not bad news for ETH appeared first on AMBCrypto.

Whale watch: $1B in Toncoin trades shake the market, tracking what's next

Toncoin has seen a surge in whale activity on its network. TON, however, is at risk of a price decline. Toncoin [TON] has witnessed a spike in whale activity on its network in the past few wThe post Whale watch: $1B in Toncoin trades shake the market, tracking what's next appeared first on AMBCrypto.

Predicting how ETH will react IF the SEC approves Ethereum ETFs

Coinbase analyst sees a 30-40% chance of approval for Ethereum ETFs. Ethereum's dominance and performance are at a low, suggesting a need for positive development soon. It is generally belieThe post Predicting how ETH will react IF the SEC approves Ethereum ETFs appeared first on AMBCrypto.

Ethereum sets sights on $4K: Will THIS spark a new rally for ETH?

ETH was up by more than 6% over the last seven days.  A few of the metrics suggested that the bullish momentum might not last.  Ethereum [ETH] caught investors off guard as its price gaineThe post Ethereum sets sights on $4K: Will THIS spark a new rally for ETH? appeared first on AMBCrypto.

Ethereum ETFs progress, but Solana may turn things bearish instead - How?

New data indicated that the likelihood of approval of Ethereum ETFs was relatively high. Ethereum lost market share to Solana, however, the price of ETH continued to surge. Ethereum [ETH] haThe post Ethereum ETFs progress, but Solana may turn things bearish instead - How? appeared first on AMBCrypto.