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Many people noticed. It’s not a big deal because the market is mostly wash trading. It’s not a glitch. How you can say it’s “probably” a glitch is beyond me, y
by qeternity 5y ago
Many people noticed. It’s not a big deal because the market is mostly wash trading.
It’s not a glitch. How you can say it’s “probably” a glitch is beyond me, you have zero evidence to support that. There have been other instances of Tether spiking well above $1, that is simply the most egregious.
- FatalLogic 5y agoCan you find any contemporary report of that May 11, 2019 USDT price spike incident at all? Because, if 'many people noticed' it, as you claim, then that should be easy But I'll tell you now, to save you time: there are no such reports, because it did not happen. I don't know anything about 'other instances', I only assume that spike on the Kraken chart that you linked to must be a glitch, because I found zero corroborating evidence for it. As you yourself have implied, such an insane price spike would have been a significant incident so it could hardly have gone unnoticed. Your arguments would be more persuasive if you based them on facts.