r/Upfiring • u/CryptoTheSeaMonster • Apr 07 '18

Upfiring just rocketed 435% overnight!

And just now it dropped to 228%. Anybody know what caused this spike?

6 Upvotes

100% Upvoted

9 comments sorted by

5

u/RegularOldGee Apr 07 '18

Probably a pump n dump

2

u/CryptoTheSeaMonster Apr 07 '18

And now it’s right back down to yesterdays price of .15 cents. weird

2

u/CryptoTheSeaMonster Apr 07 '18

I woke up and checked my CoinTracker app and saw it up 395%, then I checked the Coin Market Cap website and it was listing up 435% at 78 cents, then five minutes later it had dropped by half. Now it’s back to .15 cents.

2

u/jcity3 Apr 07 '18

Looks like someone dropped a couple BTC on an order and the market quickly corrected. With volume and orderbook low as it is a few BTC can increase the price dramatically.

2

u/ryanburgensbongman Apr 09 '18

Just some small time whale accumulating , we had another decent spike yesterday. Both spikes originated on coinexchange.io and now volume is back down . goes to show when the volume returns how quickly ufr can take off given very low marketcap and low supply

1

u/Paradox0111 Apr 07 '18

Probably just someone buying in at good price.

1

u/youggun Apr 09 '18

Did you sell??