MCAT jumps 200% with no catalyst as 95.7% of volume is wash trading
- —MCAT trades at $0.725, up 199.9% in 24 hours and 3,701% in a week
- —95.7% of transfer volume is wash trading across 458 wallets
- —Real volume is estimated at $7.66 million versus the reported $19.83 million
- —The PancakeSwap DEX pair showed zero volume and a 42.76% price drop
Why it matters: A token with an unresolved contract conflict and almost no retail free float carries a high risk of manipulation and loss of funds.
Source: Coincu