14 received about half a billion in the last couple of hours, much of it from coinbase. Anyone who understands this stuff know whats going on?
Would it have to do with amp/usd and amp/euro? They seem to have pumped in terms...
To arb most likely. Binance was way higher the whole pump, now it’s evened out. If I had to guess
Low liquidity shicoins usually pump late. If a designated market maker does not exist for a given low volume shitcoin on a given cex, there can be an imbalance between exchanges where pump has MM liquidity vs. bots just arbing across smaller exchanges or those with less inventory. Biggest pumps, dumps and arbs always occur on least liquid tokens, of course. AMP price action may have been gross during bear, but also sets up well for bull…high beta + token ink due to high % staked / relative tvl
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