Something smells Fishy - LEO market on HIVE Engine!
I don't know what is going on here on the HIVE-ENGINE market for LEO tokens, but it appears they just had a totally fake pump last night! It seems like someone behind the scenes at hive engine apparently is able to "Paint the Carts" with fake green bars, because if last night's volume was real, then my orders should have been filled?
On the chart above it shows that the LEO price spiked up to 0.5665 on 03/03/2022, however as you can see from the market orders above ,there were already orders previously set at 0.35 that didn't even fill? This price action shouldn't be possible if this spike in price last night was real, unfortunately it was fake. My question is, since LEO didn't really go to .56 on Hive-Engine yesterday, then why does this "fake spike" still appear on the chart?
I don't know about you, but I don't like to see fake spikes like this at all, the more I see things like this it makes me distrust hive-engine because it seems like someone centrally paints the charts with whatever they want, in order to to manipulate the market. This isn't the first time i've seen this happen, it's happened on LEO before, and on a few other tokens, so today I thought i'd point it out since it's so easy to explain with a screenshot.
Something smells really fishy on the LEO market today, and it really stinks! Hopefully hive-engine will get to the bottom of this and fix the problem so we can have real non manipulated market charts. If anyone has an explanation as to what's been going on with the LEO chart, then please let us know in the comments below!
Honestly no idea how this happens, but I also noted the similar issue before.
$WINE
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Yeah I remember you pointed it out last month's spike, so I was on the lookout after I set my orders way up there! It's some kind of glitch for sure.
Bro, I tried to reply to hivewatchers, however they did something and all of a sudden I am blocked from them and cannot reply. I'm re-arranging my delegations, gonna shift them to the helios voter until we get this hivewatcher thing figured out..
Also my discord is totally broken, so we will need to find another place to communicate. I guess we go to that whatsapp or something, let me know.
All my servers missing, everything broken on discord?
Maybe, it was just someone selling 0,001 LEO or something at a wrong price?
I've tried that before, you can't sell price lower than the highest bid without clearing out the entire bid first, and you can't buy at a price higher than the highest ask without clearing out the lowest ask first, that's just the way markets work. Otherwise people would be just throwing away money, or be able to simply sell to them selves in another account at a higher price. I've tried it before, that didn't work for me. This is some dev "painting the roses red" but instead painting the big green bars on the chart.
pob And vyb are showing lower and lower on hive engine, yet other markets show them as stable... weird.
Yeah POB and VYB are always going down. on hive engine. How much are they on other markets? If so then we'll be able to just send pob there to sell higher and buy lower on hive engine, arbitrage? lol Which markets are you referring to, I didn't know there were other markets for POB and VYB?
vyb exchange for pob is one of them, you could change pob for vyb, re sell and still profit (Doing a few rounds of that per week myself XD)
Very interesting. I thought you couldn’t interfere with blockchain without alerting other people.
Blockchain can't be messed with, but a centralized GUI (Graphical User Interface) for displaying things like charts on hive engine can be manipulated. This doesn't happen all the time, but every once in a while we see it happen, like yesterday. There is no other explanation, if the price really went up, then the lower sell orders should have been processed first. It's not that big of a deal, I just thought it made for an interesting post to get other people's input. Thanks $WINE
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Very interesting! The person who did that must have known he would be caught!
thank you very much for sharing information, have a good day and a great mood
thank you very much for sharing the news, have a nice day
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BEER.I guess it was a glitch on hive-engine.com , I trust the blockchain, but there are very few times glitches with this tech when accessing the blockchain.
Yeah these glitches are rare, I was waiting a month for it to happen again so i could catch it with a screenshot. I guess the LEO market bought a few from me on the next smaller spike the other day, so i'm happy!
Not sure what happened there, very odd.