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Analysis: Low Liquidity, High Control and Lack of Cross-chain Support Lead to OKB Price Surging to $342 on Ethereum Chain
Summary: According to on-chain analyst @ai_9684xtpa, OKB's on-chain liquidity on the Ethereum mainnet is only $253,000. Due to most tokens being burned or migrated to X Layer by the official team, and the lack of cross-chain support between the two networks, 6 addresses were able to push the price to $342 by buying only 138.44 OKB ...
According to on-chain analyst @ai_9684xtpa, OKB's on-chain liquidity on the Ethereum mainnet is only $253,000. Due to most tokens being burned or migrated to X Layer by the official team, and the lack of cross-chain support between the two networks, 6 addresses were able to push the price to $342 by buying only 138.44 OKB between 20:46 - 21:08. This phenomenon is mainly attributed to low liquidity, high control, and lack of cross-chain support.
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Link: Analysis: Low Liquidity, High Control and Lack of Cross-chain Support Lead to OKB Price Surging to $342 on Ethereum Chain [Copy]
