most likely market manipulation.... you send coins from your account A to your account B, nothing is happening in reality but coinmarketcap is taking the changes anyway.... same thing but in reverse happened to TenX with the futures... moving from $70 to below a dollar.... all because of early manipulation...
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Thanks for your reply. So you’re saying what coinmarketcap is showing isn’t what is really happening. That would make sense since it’s now showing NIMIQ trading at $1477 and a 300,000+ gain...
Kind of.... Nimiq is supported only on EtherDelta, on EtherDelta you can create multiple accounts with your name, so basically you can transfer coins from one specific account to another without having to use the general exchange.... Price manipulation is quite simple in this case.... Basically what I think happened is this: One or Two guy decided to increase the price and exchange those guys between them. When that happen Coinmarketcap is not taking the proper value because for example there was only one transaction with that value, but instead it takes the average :)