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WAVES/BTC sees dramatic drop to reach 1 Satoshi on Binance exchange due to a massive sell order




Bitcoin [BTC]: On-chain transactions near ATH as miners profit from rising transaction fees
Source: Pixabay

Waves, the 29th largest cryptocurrency, hit lows against BTC on April 17, and users speculated that this could have been due to a massive sell order.

Waves, at press time, was trading a $2.71 with a market cap of $270 million and had a trading volume of $15 million. However, on April 17, the price of Waves hit rock bottom due to a massive sell-off similar to one that Ethereum witnessed a few years back.

Source: TradingView

As seen in the above chart, the price of Waves against BTC hit exactly 0.0000001 BTC, which amounts to 1 Satoshi. The volume for the said candle is also massive, further confirming a sell order of massive amounts. The coin has since increased by approximately 3% against Bitcoin in under 24 hours.

Crypto enthusiasts on Twitter couldn’t hold back their opinions as one user, @BitBitCrypto tweeted

“- $WAVES did not trade at 1sat, it traded at 10sat
– It is still a great project and with a huge potential
– This sell order has nothing to do with WAVES (the project)
– This trade wasn’t done on Binance web cause you can’t place this low, it was API
– I didn’t buy it at 10 sat”

Another user @BITCVIX tweeted:

TradingView commented on this matter saying:

“Something strange is always happening in the #crypto market”

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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.


Bitcoin SV briefly soars by 116% in an hour, reaching five-month high




Source: Unsplash

Bitcoin SV, the fork coin, pumped by 116% in an hour and reached $135 very briefly; this happened after CoinGeek’s article claimed that Craig Wright was granted US copyright registrations for Bitcoin whitepaper.

As seen in the chart below, the price hit $135 in an instant and dropped down to $107, at press time. The coin, which was trading at $65 rose dramatically after the article was published, which does not seem like a coincidence.

Source: TradingView

The article stated:

“Craig S. Wright has been granted U.S. copyright registrations for the famed original Bitcoin white paper, and most of the original Bitcoin code (version 0.1)… This is the first government agency recognition of Craig Wright as Satoshi Nakamoto, the creator of Bitcoin”

Calvin Ayre tweeted:

Peter McCormack, the host of What Bitcoin Did, tweeted:

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