Derivatives Traders May Have Manipulated COMP Rally By Cointelegraph

Derivatives Traders May Have Manipulated COMP Rally By Cointelegraph


Derivatives Traders May Have Manipulated COMP Rally

A number of analysts have suggested the meteoric price performance of the Compound Governance Token (COMP) may have been orchestrated using derivatives.

After initially changing hands for approximately $80 each upon its June 18 listing on Poloniex, COMP quickly rallied 500% to post highs above $380 June 21 as news of a Coinbase listing appeared to entice buyers.

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