Gate.io Experiences Abnormal Volume Spikes
Gate.io is attributing a recent surge in trading volume, reaching $4B on December 4, to disruptions in clients' quant trading strategies caused by substantial market fluctuations.
The volume spike led to a dispute with the community behind the "animal token" $RATS, accusing Gate.io of fake transactions and calling for a boycott. The dispute emerged when the $RATS trading volume on Gate.io exceeded 880B, surpassing the total $RATS token supply.
Community members allege that Sesame Exchange, operating through the Gate.io platform, manipulated data to execute false transactions, causing dissatisfaction within the community.
Presented evidence suggests Sesame Exchange's alleged use of fabricated data, prompting a collective call for action to uphold market fairness. Users are urged to withdraw all assets stored on Sesame Exchange as part of this effort.
The community also initiated a boycott against Gate.io for alleged manipulation of trading volume...
