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

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: