The curious case of NMR's totally organic, not-at-all-suspicious 300% pump

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Ibis
Apr 21, 2020

NMR's trading volume grew by 84000% virtually overnight

Takeaways:


  • NMR's 300% pump over the last 3 months leaves a trail of curious market-making activity, pump and dump groups and potential frontrunning
  • Metrics used: trading volume, daily active addresses, network growth, transaction volume, exchange inflow, top holders, top transfers


It’s been a tough few months for cryptocurrency and traditional markets alike, but you couldn’t tell from looking at Numeraire’s (NMR) price chart.


NMR has been on an unparalleled 3-month tear, currently sitting on a mouth-watering +306.5% gained over the last 90 days alone.


Perhaps even more interesting is the fact that a coin with just over $1,000,000 in daily trading volume managed to sustain a 3-month rally while also successfully decoupling from Bitcoin’s own price action - a feat rarely accomplished by even the top-cap digital assets:

Price of NMR (green)

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Assets from this insight

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NumeraireNMR

$ 28.71

8.15%in last 7d
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