Arkadiy Amiryan, Chief Operating Officer of Veles Finance, challenged the idea that user-friendly crypto trading bots are responsible for flash crashes or amplifying herd behavior in the digital asset market.
Instead, he pointed to social media hype and high-profile endorsements as the primary drivers of sudden price swings, emphasizing that bots alone do not destabilize the market.
“In my opinion, cryptocurrency market crashes happen due to loud and sometimes reckless statements from the most popular people,” Amiryan told Benzinga in an interview. “Someone says or writes something in X—and then we see a rapid fall of some project. This looks like unfair play.”
He emphasized that scams and speculative tokens, rather than automated strategies, pose the more immediate threat to market stability.
Amiryan highlighted that trading bots, like those offered by Veles Finance, are neutral tools that execute predefined strategies without emotional …