The significant increase in trading volume on Gate caught the attention of many market participants. The Rats community reacted to this situation by claiming that the increase in trading volume was not real but artificially generated.
According to the Rats community, Gate generated fake trading volume for the altcoin. The community announced that they have initiated a boycott movement against the cryptocurrency exchange through X (formerly known as Twitter) due to this situation.
RATS’ Price Increased Significantly After Gate Listing
After the cryptocurrency exchange announced the listing of RATS, the altcoin experienced a sharp price increase. The price of RATS, which was at 0.000051 dollars before the listing, reached 0.000087 dollars after the listing. This change corresponds to a 70% increase in the price of the altcoin. According to the latest data, RATS is currently trading at 0.00006441 dollars with a 20.14% decrease in the last 24 hours. The allegation of fake trading volume once again triggered the decrease in the price of the altcoin.