This current price is actually manipulated by group of manipulators it is not the really price. And is good that the TRAXIA Team responded in a very clever way read their pinned massage on the telegram:
" Hi everyone, again another day where price manipulators decided to put their bots to work. I would like to REMIND that the only two exchanges that TRAXIA agreed to be listed on are KUCOIN and GATECOIN. All the others have listed us without consent. Not surprisingly, the volumes and price movements on those non-official exchanges (hotbit, IDAX, OCX, etc) are shady and I would guess wash trades are happening.
About the question: What is Traxia team doing about this?
1) we asked Hotbit, for example, to delist us. They refused.
2) we hired a "market making" company to improve liquidity on Kucoin and Gatecoin. What they do is place buy & sell orders with very close spreads to avoid price volatility and make it more difficult for someone to manipulate the price. This is completely legal and also exists in the regulated stock market.
Note, we can not control the TMT price as exchanges can "say" trades are happening. We can only assure you that there is nothing wrong with the project, the team, the legal framework, etc.
I recommend those of you who don't know what is going on to read this article:
"
https://steemit.com/traxia/@coolershade/why-it-is-stupid-to-sell-tmt-at-usd0-026-usd