Someone is pumping the price of the faily illiquid ETCUSD on Kraken. Now at $5.85, other venues around $5.25.
Goal might be to skew the mark price on deriv exchanges. FTX now wildly out of shape, with a funding rate of -0.22% per hour.
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exchanges just should delist ETC already, but I guess DCG doesn't let that happen. to think that they currently run advertisements for it on TV, too...
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I thought about this as well. The biggest reason they won’t is because they anticipate the demand (hence) volume will spike when ETH switches to PoS. Some miners will start mining ETC, and it will be for people who are anti PoS.
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