Can anyone tell me the reason behind PundiX's pump? (NPXS)

[Sahyadri]

While browsing coingecko today, I found out that the price of NPXS has increased by over 440% in last 7 days. Does anyone know why this coin is being pumped so exorbitantly? Is there some major news that I am missing? Also, since the price is increasing, is it a good short term investment right now?

Current Price - https://www.coingecko.com/en/price_charts/pundi-x/usd

[Petersha]

Becuase their machines will start working at stores soon and Team is going to buy back NPXS worth 2000 ETH.

Great project with real use case. I am expecting Pundi X to be in Top 10 within few months.

[starblocks]

The price increase is due to having a real world use case for the token, being on schedule with development and POS product delivery, and establishing a new partnership fund

You can read up on the buy back scheme here: https://medium.com/pundix/pundi-x-announces-npxs-buy-back-program-for-partnership-reserve-fund-497ff8d25b1e

The value is quite good considering its not yet listed on a major exchange like Binance or Houbi

[newcoin01]

Real world usage project, they announced buyback pogram, high chance of being listed on big exchanges soon IMO.

[vadimkavp]

There was information about that for holders of coins will be airdrop. Does anyone know how long they're supposed to be here?

[talkbitcoin]

pumps have never needed any reasons! they happen to make expert traders richer and leave the newbies and the pump group followers poorer. they usually happen because of some news that may not even be important or in some case seven relevant to the rise. for example inclusion of the coin in some big exchange, or in this case announcement of a new program (the buy back thing).
if you check out the lists of coins you can always see some coin is getting pumped hard. for instance today Monaco is getting pumped!!!

[xOdiumNostrumx]

There was information about that for holders of coins will be airdrop. Does anyone know how long they're supposed to be here?

Not sure what you are asking but it seems that I already received an airdrop to my MEW where I am holding Pundi tokens. Not sure if it was the one you are referring to but it was definitely a nice amount.

[vadimkavp]

There was information about that for holders of coins will be airdrop. Does anyone know how long they're supposed to be here?

Not sure what you are asking but it seems that I already received an airdrop to my MEW where I am holding Pundi tokens. Not sure if it was the one you are referring to but it was definitely a nice amount.

I also received a transaction of 10% of my amount. I just wanted to know how long they'll be sending the award.