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