Answer: Fake Volume and programmatic Sales

[Zerp_Legend]

Hi @BobWay,

maybe you have already answered this somewhere. According to some reports most volume in the market is actually fake 

https://www.cryptoglobe.com/latest/2019/03/95-of-bitcoin-trading-volume-reported-on-coinmarketcap-is-fake-bitwise-report/

Has Ripple ever talked about this? I mean for example Jed is selling based on volume afaik and if most volume is fake then the selling pressure has actually more impact than one would think

 

Edited March 25, 2019 by BobWay

[scoobysi]

pretty sure Jeds %age was based on the volumes happening on the ledger itself otherwise a smart (or other word here) man like Jed could just increase the "wash" trades on exchanges & shift his stack much quicker.....

[BobWay]

I really don't have any information on fake trading volume. Haven't heard anyone else I know being concerned.