And month after month, @NexaMoney and @BitcoinUnlimit continue to rugpull its community by manipulating the chart and lying about ASICs on Nexa 😉
🔸When @NexaMoney team shill #WashTrading and #MarketManipulation, you know it's a really bad sign...
teapaw.org/ImGettingHold/status/2…
$Nexa @BitcoinUnlimit
🔸Does $Nexa really reached 1.2 Million $ Volume these last days?
I've monitored NEXA market data.
Here's what I found 👇
1/8
@NexaMoney #MarketManipulation #WashTrading
Maybe the worst explanation you could gave...
1) From @origamitech_ themselves, it's totally forbidden.
2) Does any competition could justify a #rugpull?
🔸Then the dump happened.
April 2 (peak): MEXC vol $1,344,686
April 6 (bottom): MEXC vol $39,188
That's -97%.
Meanwhile real exchanges:
🔹Non-MEXC volume stayed at $17k–$38k the entire time
🔹It never moved more than $7k in either direction across 160 data points
The fake volume collapsed. The real market didn't even notice.
This was clearly a #MarketManipulation by #WashTrading to create a fast Pump & Dump.
5/8
🔸I watched @MEXC trades in real time.
In 20 seconds:
- 60+ trades fired
- 3 trades of EXACTLY 8,851,000 NEXA at the same price, same second
- Buys and sells alternating within milliseconds
- All trades between $1 and $30
No human does this. This is a bot trading with itself.
I've collected multiple data via MEXC API.
Result:
43 to 90% of all trades are round-dollar amounts ($2.00, $5.00, $10.00 exactly). Every single snapshot.
4/8
🔸Now compare the order book depth vs volume on the same day.
CoinGecko data:
-Biconomy: $10,010 depth, $12,654 volume.
🔹Ratio: 1.3:1
-MEXC: $1,354 depth, $1,257,317 volume.
🔹Ratio: 929:1⚠️
Biconomy has 7x more liquidity than MEXC but 99x LESS volume!
MEXC's order book would need to refill completely 929 TIMES in 24h to match its volume.
That's nearly once every minutes. This is IMPOSSIBLE.
3/8
🔸Where does $NEXA volume came from?
I pulled the data from CoinPaprika and CoinGecko APIs
On April 2th:
-MEXC: >$1,200,000 (97%) — Trust score: none
-BitMart: $4,552 (0.33%) — Trust score: HIGH
97.6% of all volume comes from one exchange with no trust rating.
The only trusted exchange does $4,552/day.
2/8
🔸Does $Nexa really reached 1.2 Million $ Volume these last days?
I've monitored NEXA market data.
Here's what I found 👇
1/8
@NexaMoney #MarketManipulation #WashTrading