Aevo Trading Volume Plummets, Sparking False Trading Allegations
Aevo Trades Billions of Dollars in Volume, Then Plummets, Sparking False Trading Allegations Some market participants have claimed that Aevo's trading volume has recently been inflated by wash trades. When asked about these allegations, Aevo said that the increase in volume could be related to "airdrops". Wash trades, in which the same person acts as both buyer and seller in a trade to create a false sense of activity, are prohibited in traditional markets such as equities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analysts: The Federal Reserve May Be Shifting Toward a Dovish Stance
Bloomberg Analyst: BTC May Fall Below $84,000 by Year-End, 'Santa Claus Rally' Unlikely to Occur