Recent BAT vol and price pump abnormal

Looks like the release of another token could have been the culprit.

According to, “there was a transaction volume of $931 million generated from BAT token, more than the combined volume of Ether and Dai”.

According to Flipside Crypto, the recent increase in BAT volume and price was connected to developments in another DeFi project called Compound.

For the past few weeks Compound has been the center of attention in the DeFi space and the recent release of its COMP token caused a stir as it rallied 233% in its first week of trading. As reported by Cointelegraph, COMP has also become the largest DeFi protocol in terms of total value locked.

An issue like this brings light to liquidity issues that can arise when small market cap tokens are involved. Traders need to be aware of the possibilities of such outcomes.