Depending on the coin or token selected, crypto traders may face a different share of inflated volumes. Recent analysis by OpenMarketCap shows that for most assets, volumes on a handful of selected, reliable exchanges are much smaller compared to reported volumes from newer market operators.
Bitcoin (BTC) has above $10 billion reported volumes in the past 24 hours, but based on a selection of trusted exchanges, the volume is actually $1 billion. The discovery matches the claim that the BTC market only sees a few hundred millions of trading in actual fiat.
But for lesser coins, the share of faked volumes is even higher, above 98% in some cases....