The Data Nerd’s findings from October 18th reveal substantial wash trading for Binance Alpha tokens, potentially orchestrated by a single entity across multiple addresses. Each address has executed over 250 token trades and thousands of transactions in the past month.
These trading behaviors suggest the use of automated trading bots rather than traditional trading strategies. Notably, recent trades of COAI illustrate an aggressive approach, differing from typical buy-and-hold tactics.
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