Why 6000% price growth in just 24 hour on AurumCoin (AU)?

[anjohyx]

Just check coinmarketcap, aurumcoin price already growth more than 1500% in 24 hours, but trading volume very low, maybe just someone mistake buy coins at wrong price? even market trade volume is high, it's too risk to join the party because whales will pump and dump the coin in short time

[xbudahx]

Quite simply, someone was making an order for the purchase of 0.00155017 Au at a price of 0.03059183 BTC. This order with trade volume of 33 cents and showed such a mad growth.

[sweetbet]

Insane !! I've never heard of this coin until I visited coinmarketcap and saw the 24 hour price change. 5,749.24% increase in 24 hours?

[TranPi16]

I think there is a technical problem or something wrong, I think there is no reason for it to be so valuable. You can wait a few days to understand. Actually it was a shock to me.

[uspehnyy]

I also think like many who write on the forum that this manipulation of the price of the stock exchange,and there the volume is not large,and therefore shook her standards,and if it was volume it would not get them to inflate,I think soon it will fall down,and maybe even proportionally

[BitcoinTurk]

When I visit the CMC site today I saw that there is a coin name called AurumCoin (AU) has huge price growth and its almost the second expensive coin of the crypto next to bitcoin I think so Why this much growth on a shit coin?Anyone noticed this?

But it looks like not enough volume to trade that coin on any exchange?

We can see that the price increases because of the simple and the pump trap that we have used to see. It is not too difficult to understand that the rate of pump done is too much as we can easily understand that it should not be taken with very little research. We can easily see that it is a new whale trap and that the amateur investor will make a mistake with the price lowered if it is necessary to sort out reasons such as the fact that it is very open on the stock exchange, the transaction volume is extremely low and there are not very good details about the project. I would like to point out again that the price is very comfortable with the reason that the volume is not available. Apart from the existing whale investor, another whale investor can reach the bottom spot or top spot when the price is very comfortable. For that reason, it will be beneficial if you do not make an investment while not taking this trap. I hope many amateur investors will not be hurt.

[Victorik]

I saw that too, but a look at Cryptopia and coinexchange didn't show the price quoted on CMC. This has got me confuse and wondering if there is an issue with the quotation or the exchange. I miss that too.

[Findingnemo]

This is insane and pure trap tactic by someone who is holding large amount of AU but watch the volume it is still under one bitcoin so no one is going to take it into serious consideration but there are only three exchange offering trading for that coin and only one exchange quoted that price but no one bought or sell today for that price?

[batang_bitcoin]

The pump has ended but there's still an effect to it.

Current price of Aurumcoin is now worth $43 (15.07%) and I'm sure of it that it will not take a long time, we will see this coin starts to become red and go back to its normal state. And its ranking has gone down to #315 as well, classic pump and dump in history.

[Lisa110386]

I was surprised at the news today. Especially, when I learned that this is a dead coin, which left the developers a year ago and any operations are impossible. This once again proves that miracles often happen in the cryptocurrency market.

[Flamebellow]

It's just pump&dump coin , very low trading volume means that someone sold it to himself and now he will try to sell it to someone else . I hope they won't succeed , because this project is a pure scam , as they even have not a properly working web site .

[Barbaralehoa]

This is very normal in this market. When mechanisms and policy management are undermined. The price manipulates, pulm prices of project members to attract many investors. Upon arrival at a proper price, the price will decrease

[elosi]

That's so surprising, I guess maybe there was a mix up somewhere, I don't really know about the coin or heard of it before, so i believe the price will be in an error and it's not a real price, and I believe they would have corrected it already.

[obility]

Is that for real ? or some sort of manipulation? I rush to the coinmarketcap to see the coin and the coin is already in lost, who can explain what actually happened to the price of the coin that very day?

[MasternodeInvest]

yes... with only 5000$ of 24h volume... it's a pump... and someone will fall into!!!! STAY ALLERT!!!!!

[Pffrt]

It's a clear pumping from a/group of person. You can see the maximum supply is lower. Anyone with a little money xan easily pump such a coin.

[coinlocket$]

Those are dump to attract newbie of the market, you always need to look at the volume of the coin, now the coin is back to shitty volume.


This happens several times at month for several coins, be care and don't be scammed.

[MasternodeInvest]

Those are dump to attract newbie of the market, you always need to look at the volume of the coin, now the coin is back to shitty volume.
https://puu.sh/BpOtT/5142159d5d.png

This happens several times at month for several coins, be care and don't be scammed.

right!!! dont be scammed!!!

[Adriano2010]

This is just a pump in my opinion. Just wait and stay away from this kind of coins at this time. Anyway are lot of good projects here, just need some time to find.

[kiemnhieutien]

It's the pump game of big whales and after pump, the price will immediately drop down. It  has been happened several times, whales use it to make profits. I don't pay attention to pump like this because when we realize it pumps, whales already get out.