that's not something new but this is just a short reaction to the futures contract of ripple. We will see that the trend will be going back again very soon.
For me, it's not always 100% already done by the insider but whales are also playing the market too. This was also happening with another altcoin too that was getting added to the futures contract.
When so many people are following that pump and then the dump will occur that makes the price go to the bottom instantly.
Even manipulation on binance is a real thing right now.
Topic: XRP Insider Trading Seen After Binance Adds Futures (Read 118 times)
No surprise for me. The speculators use all available resources for taking the first-come-first-serve advantage in the volatile markets. A similar pattern can be observed in the CAD pairs(Forex) after the announcement news of unemployment rates.
According to an announcement made by Binance earlier today, XRP is now available to trade as a perpetual futures contract on the Binance Futures exchange. The digital asset is paired against Tether (USDT) and users will be able to trade with up to 75x leverage.
Source: https://beincrypto.com/binance-xrp-futures-exchange-market-early/
Source: https://beincrypto.com/binance-xrp-futures-exchange-market-early/
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