flowing over to Cardano? Like 75k ergs this morning.. no way it’s Cardano whales “just speculating”
probably trying to take advantage of the arbitrage of ERG against ADA
1. Set low buy order on CEX. 2. Wait for someone to dump a large amount so you get erg cheap(er). 3. Send ERG to Cardano through Rosen. 4. Swap to ADA on DEX. 5. Send ADA to CEX and swap to ERG You now have more erg. Repeat......
How much „more erg“ are we talking about here?
I haven't done it. Tried once but time it REALLY badly when Ada pumped.... But looking at kuckin today the price dropped to $1.1 when someone dumped around 40k or similar (probably dxpool). Shortly after tens of thousands of erg moved to Cardano.
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