Crypto analyst: Trading platform OPNX shows abnormal fluctuations in volume and price, potentially indicating "fake trades".
BlockBeats News, on June 22, crypto analyst Loris posted on social media that through analyzing the BTC perpetual contract daily trading volume data of OPNX, a crypto claims and trading platform, and comparing it with top-tier trading platforms, it is possible that OPNX may have "false trading".
Loris pointed out that the normal volume-price data displayed by top-tier trading platforms have consistent volume-price fluctuations and stable baseline characteristics. However, OPNX's volume-price data shows that the price fluctuations corresponding to the amplification range of its trading volume are extremely small, while the price fluctuations are actually very large when the trading volume is reduced. In addition, OPNX's daily trading volume has an independent and obvious pattern relative to price fluctuations, which leads to the judgment that OPNX may have "false trading".
Earlier, on June 16, OPNX founder Zhu Su stated that OPNX's daily trading volume had exceeded 32 million US dollars, reaching a historic high.