Volume manipulation
From Altcoin Wiki
The mininum order sizes for altcoin traders is very small.
The fees are also relatively tiny.
Trading accounts are able to buy and sell directly from themselves to themselves.
For these reasons it easy to create 'faux trading volume' that encourages other market participants to enter a market.
Once the Whales have pushed the coin to a higher price and collected their profits, they will exit the trade which reduces volume instantly.
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