Swiscoin insane peak, what happened?

[Henkkaa]

Does anyone know what happened here?

Swiscoins' market cap went from $3,1M to $311M in a matter of hours and came back down with the same speed.
Couldn't find any articles talking about this, any of you heard from this?

[Spoetnik]

All i know about it is that it's an MLM scam coin.
One of a new breed of shitcoin these days.

They are very good at avoiding this forum and running across the web piggy-backing on Bitcoin popularity.
Social media and Youtube etc will get flooded and there won't even be an ANN topic here for it.

LEO Coin was under the radar for 2 years before a spammer here caught our attention because he wouldn't stop spamming the Altcoin section about it.. soon after that the scam fell apart with arrests and bank account seizures etc.

And best i can tell LEO and Swiss seem to be the same.. possibly by the same scammers or maybe even a competing MLM scammer group.

[adhitthana]

Here is an article from last July.

https://bitbillions.com/is-swisscoin-a-scam-an-honest-swiss-coin-review/

[MSCN]

Here is an article from last July.

https://bitbillions.com/is-swisscoin-a-scam-an-honest-swiss-coin-review/

lol this are 2 different coins    swiscoin and swisscoin, see? 
To avoid misunderstandings, Swiscoin rebrand into Master Swiscoin

https://bitcointalk.org/index.php?topic=1789007

[kryptqnick]

As the coin is probably Russian or even Ukrainian, there is some potentially useful information to answer this question. Swiscoin is not just a coin but an organization which studies different cuurencies and tries to create some new improvement technologies. The CEO of this organization is Dm.Zubarenko who owns a company in Ukraine named "Communication and technologies" which helps people with phone connections. So, he probably just pumped the coin recently to draw attention to it.

[beerlover]

Pump and Dump happened. That is it. Do you see they add a new feature? Is there a new amazing news that would affect the prices? Is there a new developer or a new owner that will surge the price? No. None of them are true. The only other possibility for a price surge is pump and dump. That's it.