Looking at the 5 minute candles this looks suss as. Who profits from suppressing the price? Is it the Binance whales who are profiting from the really high funding rate on the futures market?
No sxp thread on biz
Ian Lewis
Oliver Torres
everythings dipping. cryptos having a rough go of it the past few days.
Oliver Taylor
US launch, partnerships, SwipeX
Jeremiah Jenkins
i'll buy at 2.50
Eli Diaz
Yeah I would guess so. Infinite Tether helps to supress it and further fill shorts sold at $4-5.
Carson Ortiz
Look at that 1018.8 order on both sides
Jonathan Anderson
Nobody even knows what swipex is. Dont think it is anything huge desu
Jordan Howard
I would also like an explanation, the people behind swipe obviously don't want it to moon because it prices people out of the card tiers so I'm sceptical now but still holding
Tyler Wilson
it didnt dump when when USA cards was announced. And SwipeXis not even a hype yet so don't count that one in
Joseph Bennett
>Swipe's SXP is the protocols native digital currency and used for throughout the Swipe ecosystem of products to operate and secure the network. Users may use SXP to stake by bonding SXP on the Ethereum blockchain to secure the payment network, use it towards Swipe Visa Card lock-ups for higher tier cards
literally the first thing one can read on their website makes absolutely no sense. was this written by a monkey?