Abnormal Tether Price Moves on Kraken Leave Analysts Puzzled24.1

Massive trade orders on Kraken fail to sway the price of Tether any further than modest ones, leaving researchers and analysts puzzled.

“USD-backed” Tether (USDT) is making headlines yet again for the dubious activity surrounding the token. A report from Bloomberg today details evidence that Tether markets on the US-based Kraken exchange are possibly being manipulated by the practice of wash trading—in which market-makers fill their own orders to control the price of an asset.

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