Binance Witnessed Huge Volume Drop Due To Failure Of Bots
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.
