In the past 24 hours, WAX coin has been pumping rapidly in the crypto market. In no time the coin has jumped ranks and has gained a hike of 41% in the past 24 hours.
The coin has a low trading price and keeps fluctuating in the crypto-market. It is speculated that the coin is under the influence of a pump and dump group.
On Monday 2nd July at 03:44 PM, WAX gained a total of 7.692% in 4:02 minutes.
WAX is a decentralized platform that enables its users to operate a fully functioning virtual marketplace with zero investment in security, infrastructure, or payment processing. This platform is developed by the founders of OPSkins, a marketplace for online video game assets.
WAX tokens utilize the power of blockchain and are utility tokens that allow virtual goods to easily be tokenized and exchanged for cryptocurrency
WAX.io, the official account of WAX coin tweeted:
“More great news for $WAX ExpressTrade with @VGO_gg hitting #3 on the most transacted #DApp in the last 24 hours on @DappRadar! More indications that #WAX is the future of gaming – and that it’s happening now. //wax.io/a/179 #NFT #blockchain”
Cx_Crypto a Redditor started a discussion on Reddit saying:
“Is it just me or r u crypto peeps wondering if WAX is a good pump-dump investment????”
The coin saw the pump, not only yesterday but also today. On 3rd July at 12:18 AM, WAX gained a total of 5.193% in 3:21 minutes.
When observed on CoinMarketCap, quite a lot of known exchanges have participated in the pump.
As observed, a majority of the trading volume percentage is 48.04% which is by Upbit which trades in the pair of WAX/BTC. The same is noticed on Bittrex where the trading volume is $5 million with the volume percentage of 33.37%
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