Reddit NFT trading volume hits all-time high as wallet holders near 3 million
Meanwhile, the minting volume of nonfungible tokens have been declining steadily. According to data provided by Polygon and Dune Analytics, the trading volume of Reddit nonfungible token (NFT) avatars has eclipsed $1.5 million in the past 24 hours. The increase represents over one-third of the collection’s cumulative trading volume of $4.1 million since launch. At the same time, the daily sales volume of Reddit NFTs also witnessed a new all-time high of 3,780 digital collectibles changing hands.Reddit avatars are created by independent artists and are minted as NFTs on the Polygon....
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Another day, another bit of unusual trading activity on a Bitcoin exchange. As the Bitcoin price began to drop around 1 AM EST last night, at least one trading bot on BTC-e began to make some interesting trades. It seems that the trading bot has been caught in an endless loop, as it continues to either trade back and forth with itself or with other bots on the exchange. The unfortunate trading activity was first pointed out by Reddit user /u/nobodybelievesyou on /r/BitcoinMarkets. The details behind the bot or bots associated with this increase in trading volume are unknown at this time,....
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