The post Binance Witnessed Huge Volume Drop Due To Failure Of Bots appeared first on Coinpedia Fintech News
Binance is witnessing a massive drop in trading volumes, tied to inter-trading bots that are used for market stabilization and providing necessary liquidity. Main assets are losing from 70% upto 95% of their volume while the reason still being unclear. PEPE was down by over 97.5%, Bitcoin was down by 62%, while Solana plunged by 88.9%. The potential reasons could be the failure of trading bots. Because if some critical bot goes offline, a substantial part of trading activity is removed causing a sudden fall in transaction volume.
