Waves founder Sasha Ivanov has called on exchanges to disable futures trading of the Waves token.
The bearish volatility of the cryptocurrency market has negatively affected many crypto projects. Major cryptocurrencies, in particular, have experienced quite strong declines from their highest peaks. The processes in the crypto industry and the fud that dominated the market were the main reasons for these declines. In the midst of this process, Waves founder Sasha Ivanov called the exchanges. Ivanov wants to close the futures pairs of WAVES token.
Waves Founder Submitted Demand to Exchanges Due to Fud and Pressures
Waves founder Sasha Ivanov took action after the WAVES token plunged 40 percent in two weeks. Ivanov claimed that short sellers spread the fud to lower the price.
Ivanov, the founder of the crypto project, has asked exchanges such as Binance, Kraken and KuCoin to disable the futures market for WAVES.
Sharing on Twitter, the founder added that Waves does not need futures markets. As the reason, he suggested that those who open bearish trades make short-term gains by spreading the fud.
The popular cryptocurrency has dropped from $2.37 to $1.54 in the last two weeks. According to the founder, behind this decline are those who open bearish trades from futures.