The first $KAVA bounce won’t tell you much if traders can’t move the token between venues.
$KAVA fell more than 40% on #Binance ’s 24-hour leaderboard on Nov 14. Kava says the unusual activity was isolated to Kava Lend and that partner exchanges paused related transfers as a precaution.
When transfers are restricted, traders can’t as easily buy on one venue and sell on another to close a price gap. A bounce on one exchange can leave the others behind.
The better test comes when the affected routes reopen: do spot prices converge without the bids disappearing?
$KAVA fell more than 40% on #Binance ’s 24-hour leaderboard on Nov 14. Kava says the unusual activity was isolated to Kava Lend and that partner exchanges paused related transfers as a precaution.
When transfers are restricted, traders can’t as easily buy on one venue and sell on another to close a price gap. A bounce on one exchange can leave the others behind.
The better test comes when the affected routes reopen: do spot prices converge without the bids disappearing?