Bitcoin Forum

Jiyo token had a exceptional growth and it's not among the smaller cap coins but a total marketcap of $85,145,442 USD at the moment. Making it top 100 coins by total marketcap.
Is this the ultimate example of pump?

Yes it is. Look at the daily trade volume it will be easy to the whale to pump it to the moon. It doesn't need any effort to prepare a huge money to pump it lol. It's the best example about how the pump and dump coin works. In a few hours later and the price will be jumping back to the bottom again.

I think it's easy for people to manipulate the price of this token.
Because the transaction volume of this token is really too small, any purchase may cause this token to rise significantly in the short term.

This is a good example of why marketcap can be deceiving. The trading volume of JIYO is only $70k. This means a single person can easily manipulate the price up or down, which is likely what has just happened. It was trading at $0.02 (2 cents), giving it a market cap of around $900k. A single person buying up all the sell orders rapidly can push the price of a coin up to $2. This boosts the marketcap to $85 million, when in actual fact only $50-70k was spent.

What else should it be than a pump with a following dump? A token that hardly anyone knows suddenly makes such a price jump, without reason. That can only be a pump and dump. Just do not invest any money in that.  ;)

Wow! That's a really big pump. Some people are still earning money in this current market.

well that might be due to a lot of reasons. I advise you don't rush to buy soon. You should look out for reasons for that abrupt increase even in this current market situation and that shall direct you on what next step to take.

I think it's just a trap of the whales :). I just checked information about JIYO on Coinmarketcap and I would say that it's not token, JIYO is a coin and it's mineable. I don't think a coin with no data or information can be able to increase that much, there is no doubt that it's just a trap of the whales :D. Don't risk your money by investing in this coin until it has clearly data or information :D

Why would anyone pump it so hard? What benefit would they make with it? Soon more people would add their holding to sell order.
I don't think they'll lure any sane investors to buy the coin is such higher price.

if the token price is so low, people can quickly sell and buy, so the volume will jump sharply. the higher demand will make price increase little by little, I really like that price movement.

that's right, sane investors will not buy such pumped coins  but manipulators can still expect the presence of stupid investors to get into their game, and their profits are determined from it

We'll see after this PUMP happens, I do not know how many DUMPs will happen. The altcoin market is particularly vulnerable to PUMP and DUMP, and this always happens on newly released tokens.

CLEAR EXAMPLE OF THE MANIPULATION OF THE MARKET.

That coin is worth nothing, but whales know exactly how to make money out of ignorants.

wow what a surpricing token pump. it didnt pump 100% but it pump 5000%. Thats pump want to all happen on thier coin. but its so rarely happen today. especially the market todays is bad. hope my token will just like that

That's a very noticeable market pump during the current market bear run. And it's very obvious too!

It was the glitch from the side of price reference.
The coin had a 5:1 swap i.e. everyone holding 1 token got 0.2 tokens and hence the price rise and virtual 5000% rise but in real they were two different coins. One older Jiyo and one newer with higher price.

How can +5000% in a minute be the ultimate example? :D This is pump and that's all. Maybe this coin will not show anything more and will be slowly dying from this moment.
Also it can be the beginning of higher pump, but also remember - it is better to miss the pump than got dump

Well if you happen to have your token in the exchange might as well dump it so you can hit the big profit even with a bear trend in crypto. Sweetest thing you could ever taste in times like these. To late for me to ride the pump but if I was just up right when it happen, I could have sent some ETH just to buy some tokens before it gets to its peak.