Bitcoin went from $27K to $70K on Pulsechain and lasted so for 10 minutes

The founder of Pulsechain Richard Heart tweeted the charts of Bitcoin on their platform showing the price hitting $70k which had gone up from $27k only in 20 minutes, and which lasted for 10 minutes.

The liquidity being low had a lot to do with it I'm guessing, since it was wBTC, the token which has its value attached to Bitcoin for the purpose of bridging to Ethereum.

Though it still does have the same value since it's attached to it, but liquidity pool on Pulsechain allows for such a drastic movement in price.

I don't think this is a good thing for Pulsechain, so him sharing it as if it is is kind of funny too.

These kinds of situations are great targets for pump and dumps, which make it unsafe in my opinion. Since it also took only less than $40,000 volume to move the price in such a way.

The tweet:

https://twitter.com/RichardHeartWin/status/1661346635123773442?t=fFY2bn9L0ZnkZwwt35dcDg&s=19