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Kevin Rooke Jun 23
86.4% of all Bitcoin SV volume yesterday came from 100 transactions. The BSV network is a total ghost town. Despite that, network value is now $4.5 billion, up 300% in the last 45 days. Totally insane.
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XRP_Tooch
I dont want to call you out too hard for misrepresenting the data since Im not a BSV supporter. But this happens often when an exchange re-arranges their funds. You get a few Massive transactions. This stat is misleading without more data about the addresses and their owners.
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𝔇𝔬𝔠 Jun 23
That still means that only exchanges are doing volume, not users.
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XRP_Tooch Jun 24
no it just means that exchanges are doing the Largest volume... which would make sense. if binance were to rearrange their funds you'd see this same stat applied to many of the top 100 cryptos... without more information about the wallets and who owns them this stat is misleading
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conscious_being Jun 24
His point is that there are no organic transactions happening.
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XRP_Tooch Jun 24
which we cant know if that is true or not based on this stat. again without knowing who owns the wallets this stat is meaningless because exchanges re-arrange all the time and they hold way more most often...
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