Hello,
Could the price shown be a bug? The Trust Wallet showed me that the price is "$ 38,556.48", but Uniswap showed me "$ 62.0558". Which one is real and correct?
Thank you.
Topic: Why exchanges stop trade pumped tokens? (Read 156 times)
What TrustWallet shows is based on data from CMC/Coingecko, using the API mentioned by @mk4, while you might see a coin experiencing gains of more than a thousand or tens of thousands of percent, it's probably 2.
1. Coins are actually experiencing a pump
2. The coin/token was previously not traded, then, the coin gains interest and a transaction volume is created, when this volume is detected, then CMC/Coingecko will indicate an increase
1. Coins are actually experiencing a pump
2. The coin/token was previously not traded, then, the coin gains interest and a transaction volume is created, when this volume is detected, then CMC/Coingecko will indicate an increase
Hello,
Thank you for your reply.
Please look at these images:
https://ibb.co/ZYr4h2Q
https://ibb.co/ZWxccKt
Why the price in the Trust Wallet is different from the exchange?
Thank you for your reply.
Please look at these images:
https://ibb.co/ZYr4h2Q
https://ibb.co/ZWxccKt
Why the price in the Trust Wallet is different from the exchange?
Trust wallet is pulling it's prices from an API(probably Binance API, idk), while UniSwap is pulling prices based on it's AMM model. In the case of UniSwap, there isn't enough liquidity hence the inaccuracy in price. A better trading pair would be ETH/ETHM rather than USDT as it has more liquidity, hence the pricing would probably be more accurate.
https://www.coingecko.com/en/coins/ethereum-meta#markets
Hello,
Thank you for your reply.
When I see "N/A" in the "Confidence" section, then I can't sell or swap a token?
Thank you for your reply.
When I see "N/A" in the "Confidence" section, then I can't sell or swap a token?
Not necessarily. As long as the token is still listed on the exchange, you should be able to trade it. The "Confidence" thing is just an indicator on how confident CoinMarketCap is on the data they're providing(volume, liquidity, depth, etc).
Hello,
Thank you for your reply.
Please look at these images:
https://ibb.co/ZYr4h2Q
https://ibb.co/ZWxccKt
Why the price in the Trust Wallet is different from the exchange?
Hello,
Thank you for your reply.
When I see "N/A" in the "Confidence" section, then I can't sell or swap a token?
Thank you for your reply.
When I see "N/A" in the "Confidence" section, then I can't sell or swap a token?
Not necessarily. As long as the token is still listed on the exchange, you should be able to trade it. The "Confidence" thing is just an indicator on how confident CoinMarketCap is on the data they're providing(volume, liquidity, depth, etc).
The n/a mostly means little to no liquidity. When a certain token's pair has little to no liquidity, it will take far less money to pump/dump that token's price compared to a token that has decent liquidity. It's the main reason why they pump so easily in the first place.
Hello,
Thank you for your reply.
When I see "N/A" in the "Confidence" section, then I can't sell or swap a token?
You are probably wrong to think that exchanges stop trading when a token pumps. Or do you have a basis for this? I think, on the contrary, a token pumps because there is really no active trading happening. There's no liquidity. There is almost no exchanges. There's no volume. Nobody could sell. In other words, there's simply no market for it.
If you look at the biggest gainers in CMC, almost all of them don't have complete information. They don't have a verified market cap, confidence rating, liquidity score, and so on.
Needless to say, stay away from them!
If you look at the biggest gainers in CMC, almost all of them don't have complete information. They don't have a verified market cap, confidence rating, liquidity score, and so on.
Needless to say, stay away from them!
Some of them could be a scheme like the recent Squid Game token when you can only buy the token from the smart contract and there's no way to sell it, so the price would rise fast but no one can profit from it, so coinmarketcap would issue a warning about it.
squid game token is a RugPull token which some time ago had a scene due to a crash that made the people holding it lose. Rugpull tokens like that are only listed on the dex market and not listed on other exchanges, and the scheme that is being carried out does take advantage of the news that is currently hype, so many will be interested.Coinmarketcap and coinecko have already issued a warning.
Doing research first before investing will be better to stay away from scam tokens like that.
Some of them could be a scheme like the recent Squid Game token when you can only buy the token from the smart contract and there's no way to sell it, so the price would rise fast but no one can profit from it, so coinmarketcap would issue a warning about it.
Hello,
Why, when a token pumped then exchanges stop trade that token? I checked the "Market" section of some of the tokens that listed in https://coinmarketcap.com/gainers-losers/ and most of them has "N/A" in the "Confidence" section. Why?
Thank you.
NA doesn't mean that the exchanges stopped trading itWhy, when a token pumped then exchanges stop trade that token? I checked the "Market" section of some of the tokens that listed in https://coinmarketcap.com/gainers-losers/ and most of them has "N/A" in the "Confidence" section. Why?
Thank you.
NA is under confidence indicator which is the measure of the accuracy of the reported trading volume of the trading pair by an exchange. It's measured on a scale of 0-100%. So the higher the confidence, it means the higher the accuracy of the reported volume.
Since it's very hard to determine the confidence level from decentralized exchanges like pancakeswap or uniswap. Coinmarketcap just indicates NA
The n/a mostly means little to no liquidity. When a certain token's pair has little to no liquidity, it will take far less money to pump/dump that token's price compared to a token that has decent liquidity. It's the main reason why they pump so easily in the first place.
Why, when a token pumped then exchanges stop trade that token? I checked the "Market" section of some of the tokens that listed in https://coinmarketcap.com/gainers-losers/ and most of them has "N/A" in the "Confidence" section. Why?
You can pay your attention on the marketcap, trading volume of those gainers and losers. Figures are mostly low and most of them are meme coins with so many zeroes in their price.Those tokens are pump and dump and it's hard to say about value of those projects. It is unfair if I simply arbitrary say they are valueless but I believe most of them are valueless. Just hype, pump and dump games.
Hello,
Why, when a token pumped then exchanges stop trade that token? I checked the "Market" section of some of the tokens that listed in https://coinmarketcap.com/gainers-losers/ and most of them has "N/A" in the "Confidence" section. Why?
Thank you.
Thats because those projects doesn't have an active trading or not yet launch. That's how CMC works. I also noticed that when I am using coinmarketcap. It really does not recognizer some tokens or coins if their not active.Why, when a token pumped then exchanges stop trade that token? I checked the "Market" section of some of the tokens that listed in https://coinmarketcap.com/gainers-losers/ and most of them has "N/A" in the "Confidence" section. Why?
Thank you.
I also observed that token can be listed even without listing yet on market which is quite not good. It should have volume first.
1- So, all of the "Biggest Gainers" are scams?
No, it's just a list of coins that have gained the most with the time period.It could also indicate a pump and dump scheme as many of them would have their prices manipulated to attract FOMO.
2- If someone has those tokens, then how can he\she swap or sell them?
Look up exchanges that have them listed. Cointrackers like CMC or coingecko take data from various too exchanges to give their information, but coins or tokens may not be on their list but are trading on some platform which would likely offer lower volume and liquidity.
Why, when a token pumped then exchanges stop trade that token?
Those coins were likely scams which were created by the developers just for profit and after the pump, the website was pulled down or the trading volume dropped to almost zero. In such a scenario, the exchange has to delist those coins as there's not enough information for them to keep them on their charts or they have become outright scams.
most of them has "N/A" in the "Confidence" section. Why?
This means what it says, the inform is Not Available, likely because no one is talking about it and the exchange cannot assess that metric.Thank you for your reply.
I have two questions:
1- So, all of the "Biggest Gainers" are scams?
2- If someone has those tokens, then how can he\she swap or sell them?
Why, when a token pumped then exchanges stop trade that token?
Those coins were likely scams which were created by the developers just for profit and after the pump, the website was pulled down or the trading volume dropped to almost zero. In such a scenario, the exchange has to delist those coins as there's not enough information for them to keep them on their charts or they have become outright scams.
most of them has "N/A" in the "Confidence" section. Why?
This means what it says, the inform is Not Available, likely because no one is talking about it and the exchange cannot assess that metric.
Hello,
Why, when a token pumped then exchanges stop trade that token? I checked the "Market" section of some of the tokens that listed in https://coinmarketcap.com/gainers-losers/ and most of them has "N/A" in the "Confidence" section. Why?
Thank you.
Why, when a token pumped then exchanges stop trade that token? I checked the "Market" section of some of the tokens that listed in https://coinmarketcap.com/gainers-losers/ and most of them has "N/A" in the "Confidence" section. Why?
Thank you.
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