PPosts: 120 · Reputation: 589
I'm kinda confused about some transactions I've spotted in the Gate.io wallet. Checking out their Ethereum address, I've seen some strange incoming and outgoing transfers. Can anyone help me make sense of this?
PPosts: 120 · Reputation: 589
I've seen some recent outgoing transactions. One led to this wallet which seems kinda quiet. Maybe just a regular user? But honestly, who knows with crypto. Another one goes to a different wallet, and I'm just like... is this a hobby for someone?
PPosts: 120 · Reputation: 589
Just give it a minute, and I bet we'll see that 0.00321 ETH pop up again. It's like a pattern or something.
PPosts: 120 · Reputation: 589
I dug into more of these transactions. One wallet is pushing ETH to another one linked to Liqui.io. Why would they do that? Then there’s a seemingly rich user, haha, and another one that might just be someone withdrawing. This all feels odd to me.
PPosts: 120 · Reputation: 589
Seems like everyone’s had the same bright idea to deposit ETH at Gate.io. I mean, it's happening all over the place.
PPosts: 120 · Reputation: 589
A couple of hours back, I noticed that you can't exactly send 0.00321 ETH. So, is the fee being sent instead? If those wallets are somehow linked to Gate.io, could it mean they're bots? Kinda feels like a programmed cycle rather than human actions.
PPosts: 120 · Reputation: 589
I really doubt this is just about Gate.io. It feels bigger than that.
PPosts: 120 · Reputation: 589
Now the transactions seem to have slowed down. Not sure if it's due to some upgrade, regulations, or just people getting spooked. But if there are real trades happening here, it could be inflating the trading volume. Just a thought, but figuring out which bots are involved might be tricky.