It appears that some unusual activity is taking place at Bitget. A relatively minor token named VOXEL has experienced an unexpected surge in trading activity, even surpassing Bitcoin’s trade volume on the platform. In a single day, the VOXEL/USDT futures contract reached a staggering $12.7 billion in volume, while Bitcoin’s was approximately $4.76 billion.
There’s been an unexpected surge in VOXEL trades within the cryptocurrency market, leaving many people perplexed. Some speculate that this sudden increase could potentially be due to a programming error in Bitget’s trading algorithm, while others suspect it may be an instance of deliberate market manipulation.
我们已注意到 VOXEL/USDT trading pair’s unusual transaction activity. We are currently investigating this matter and will provide more details as soon as possible. Some users may be subject to risk control, if you have any questions, please contact our online customer service within the app.
Please note: #Bitget trading, deposit, and withdrawal functions are all functioning normally at the moment 🌐💳
— 谢家印 (@xiejiayinBitget) April 20, 2025
Bitget has detected some strange transactions as well, and they’re currently looking into the situation.” (This is a simplified version of the original statement)
The platform’s operations, including trading, deposits, and withdrawals, are functioning smoothly as stated in the update. However, certain users may encounter limitations due to safety precautions during the ongoing investigation.
In the last day, the price of VOXEL has experienced a rollercoaster ride. It surged from $0.0415 to $0.1166, representing an impressive 179% increase. At one instance, it skyrocketed by 127% within only 2 hours, and then escalated another 235% over the next 4 hours, peaking at $0.1790.
However, the surge in VOXEL’s value didn’t persist. In just 13 hours, the price plummeted approximately 50% to reach $0.0911. Currently, it’s trading slightly lower at around $0.0897. The market capitalization of this token is approximately $21.8 million, and its 24-hour trading volume surpasses $400 million.
Cryptocurrency expert Ash Crypto cautioned users on Twitter saying, “This is a new form of manipulation. The market capitalization of VOXEL stands at $15 million, but there are more than $700 million worth of future trades. After AERGO, this is happening again. So, be vigilant.
The VOXEL market capitalization stands at $15 million, yet its trading volume in futures exceeds $700 million. Be wary, as we’ve seen growth with AERGO and now this.
— Ash Crypto (@Ashcryptoreal) April 19, 2025
For those unaware, VOXEL serves as the token for an engaging game titled Voxie Tactics. This is a free-to-play 3D turn-based RPG that combines nostalgic charm with contemporary gaming mechanics. In this game, you’ll find two main modes: the Exploration and Battle modes.
At present, the specific reason behind the wild price surge remains uncertain. The team at Bitget is currently investigating this matter and has promised to provide further information shortly. In the meantime, it’s advisable for traders to exercise caution, particularly when dealing with small-cap tokens that experience sudden increases in value.
Read More
- Devil May Cry Netflix: Season 1 Episodes Ranked
- Unlock the Magic: New Arcane Blind Box Collection from POP MART and Riot Games!
- Top 8 UFC 5 Perks Every Fighter Should Use
- Unlock Roslit Bay’s Bestiary: Fisch Fishing Guide
- How to Reach 80,000M in Dead Rails
- Unlock the Best Ending in Lost Records: Bloom & Rage by Calming Autumn’s Breakdown!
- Jujutsu Kaisen Shocker: The Real Reason Gojo Fell to Sukuna Revealed by Gege Akutami!
- You’re Going to Lose It When You See the Next Love and Deepspace Banner!
- How to Unlock the Mines in Cookie Run: Kingdom
- Nine Sols: 6 Best Jin Farming Methods
2025-04-20 18:52