Hi folks, I’ve been mining grin for about a month. I’m curious as to why the daily volume of Grin is so high compared to the market cap. Grin’s typical daily volume is ~100% of the total market cap, whereas most coins are much lower (~10%). Any theories?
Fake volume/ wash trades. CMC reports junk.
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Neo correctly deciphers the matrix code.
“What is real? How do you define ‘real’? If you’re talking about what you can feel, what you can smell, what you can taste and see, then ‘real’ is simply electrical signals interpreted by your brain.”
― Morpheus The Matrix
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CMC reports entirely fictional volumes, even when ignoring wash trading; much higher than the numbers displayed on the exchanges themselves.