Aurumcoin increase 6000 percent today on coinmarketcap

[Justindud]

Hey…Guys

I’m shocked today when I see the Aurum coin today in coinmarketcap. See below




Is it magical or something else?

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[Windmoney@1]

I think I red news concerning this coin yesterday that a football club was purchased with this coin....

[butka]

Did you check the 24h volume? With such a small volume, the increase you mentioned is not a very good indicator:


Source: https://coinlib.io/coin/AU/AurumCoin

Then again, just to be clear, they do have a small total supply of something like 300,000 coins.

[Red-Apple]

welcome to the world of pump and dump

in this market you can easily manipulate coins that have low volume only if you have a small amount of money. if you look at the 24 hour volume you can see that the volume is not even 1 whole bitcoin! it is 0.8BTC in other words about 90% of the traders in the market could have pumped this coin in their sleep (i am saying traders not newbies with no money running around).

not to mention that there are a lot of pump groups out there with a lot of newbie followers who pour their money in a shitcoin if they are told to...

[cryptofun888]

This is not a natural growth I am telling you. The market is just being manipulated. It will be a great stupidity to go for this seeing this false pump. It will come down soon. Just wait and watch.

[Jianx]

it's really very fantastic, for now it's very rare that we can see an increase of a coin up to 60x fold at once in one night. the one who keeps the coin is now partying enjoying profit 

[Yaddady]

Oh yea! Permit me to roll the carpet and welcome you to the world of pump and dump. There was no fundamentals impacting on the coin to cause it pump. This is just some price manipulation that was done and it's sad some noobs would have gotten themselves burnt and lost a lot of money because they bought at the top and expected it that will continue to moon only for it come crashing there after.

[reflector]

Hey…Guys

I’m shocked today when I see the Aurum coin today in coinmarketcap. See below




Is it magical or something else?

Hey this is damn big bump in the market. How this is possible in the aurumcoin's chart buddy. I really do not understand and confused about the price changes in the market. I really love to go with these kind of coins when it goes large bump tomorrow.

So far I did not find such kind of information anywhere truth. Those coins will be must go coins to invest for short term profit after the bump we cannot consider it as a investment at all. Since it have the risk to fall more in the market.

[steve_rogers321]

Based on this everyone suggest do not involve such types of things because those things are for pump and here is the present scenario of dump so we should avoid such types of things.

[tenebriscaelum]

It seams like whales or pump and dump group are at it again, also it coming at the end of August it may indicate that other groups like this will start to do price manipulation in the last quarter of this year because if the bear market and it might happen in different alts.

[blacktux88]

just looked at the 24h Volume in this time , it was 4000 dollar.
every coins hast such an nonsense peak , nothing to get crazy

Hey…Guys

I’m shocked today when I see the Aurum coin today in coinmarketcap. See below




Is it magical or something else?

[FlamingFingers]

Hey this is damn big bump in the market. How this is possible in the aurumcoin's chart buddy. I really do not understand and confused about the price changes in the market. I really love to go with these kind of coins when it goes large bump tomorrow.

This is a temporary pump and dump move that has no value for the coin whatsoever (might have been done by a pump&dump group on Telegram, nothing weird there). It surely got the attention of others (a 1818% increase in daily volume between September 1st–3rd, and a significant increase in its order book on Cryptopia, to be specific), however, it keeps declining to the 'normal' price and volume before the pump.

[Saint1990]

Don't get shocked it's pump and dump only here you can see

Some pump and dump group do this all stuffs artificially to steal the money of the innocent followers who don't know what's going on behind the scene. Check its 24hiur volume on the coinmarketcap you will even get more shocked 😁😁😁

[KryptoKai]

The poor distribution does not make it a good investment, probably just bought up by one or a small group of whales manipulating the market as usual. Most likely though a pump and dump group that operates in exchanges like Cryptopia and Yobit. i wouldn't go near this coin and you shouldn't either

[ansi]

I just hope you didn't FOMO & bought some lol.

This is pure shit coin as you may see it' history & what happened is pure Pm & ump to get some noobs buying their hit, worthless coin.

[mastersay]

Be careful out there for the coins that significantly pumps, because it can just be a trap to purchase it and to be dumped immediately. The whales investors are the main reason behind this.

[Getcoinsite]

$30.67 USD (-5.04%)
0.00420346 BTC (-5.55%)
Get Wallet   Buy Bitcoin
 
Market Cap

$9,138,947 USD
1,253 BTC
Volume (24h)

$18,017 USD
2.47 BTC
Circulating Supply

298,001 AU
Max Supply



Look how much the value now,this is a perfect example of PUmped shitcoin,you are lucky if you come to bet on that instance because for sure large amount will be on your wallet the next day,but now with this value and movement,means things comes back to normal that this coin is a nothing but a shitcoin

[i7claufe]

Small volume coins are easier to manipulate for a pump and dump I think people here for 2 years and onwards know what this means and what's to come next. This is pretty common during bull market but this easily gets attention in the bear market.

[pictsidhe]

This is fake and you shouldn't go for it ever. I forgot the name, but about five months ago, another coin got a high pump like this, and after that night that coin went to 200% down. This is the same incident, Look at the price of Aurum coin now, it is only 30 USD with only 24K USD 24Hr volume! That pump was a manipulate and insane pump by a team or someone. Never ever follow this trend mate.

[auroboros]

it's just a pump and dump game, some people want to take advantage of it, so still be careful and don't get stuck, I'm very sure, the price will be back to normal. because in my opinion it is only as one of their promotions to increase sales

[CutieDuck]

it's just a pump and dump game, some people want to take advantage of it, so still be careful and don't get stuck, I'm very sure, the price will be back to normal. because in my opinion it is only as one of their promotions to increase sales

Yes i agree with your opinion dude. I think it just temporary for aurumcoin can maintain the increasing price. It's like marketing strategy from team and developer to pump this coins and make people interested with this coins because they think the price is promising and more valuable and of course can give many advantages for them. Because of the drastic increase for this coins can make demand of coins increase too. So, if people want invest in this coins be carefull to observe and make choice with that because maybe in few moments later the price will be dump again.

[QueenW]

usually such pampas occur on small stock exchanges. In this case, usually purses of coins, which are going to pump, are blocked. that is, only those who knew about this pampa will succeed in earning money.

[Annieluvyou]

Why do i feel worried about that amount of jump on the price of coins.
Perhaps it's kind of trick to increase the value of this coins, and who knows that someone will dump it, just like everyone said.

[Jonsnowstark]

Let's just be careful on our next step seeing this pump. This could just be another pump and dump. We might want to just dive in and ride the tide but it could actually be a trap for publicity. Obviously, this coin could make some noise in the crypto world and once many would fall into the trap it could just fall right back to its value before the pump.

[sithuleee]

Wow. This is really amazing and unimaginable. From around $30 level suddenly it has $1000 level. This is crazy. But when I check the price now, again it has dropped to the $30+ level again. What has happened there actually?

[jossiel]

Why do i feel worried about that amount of jump on the price of coins.
Perhaps it's kind of trick to increase the value of this coins, and who knows that someone will dump it, just like everyone said.

Its a usual trick of the developers that are holding that coin. That type of movement is unbelievable and you are asking who knows someone will dump it? those holders and especially the developers of it that fooled a lot of newbie traders that wanted to go along with that increase.

As expected, after that pump it will go down and its been down by -30% so quick.

[Herbert2020]

this is how people make profit in the altcoin world. not by bag holding some big pumped altcoin that has a big name to it.
they move around and go from coin to coin, pump them for a day or so and then take their profit out and leave for the next coin to pump. as you can see AU was one of the thousands of coins out there, it got a pump that lasted one day and now the money has already moved on to at least 5 other coins that they pumped nearly the same way but at smaller 500% profits instead of 6000%!

[caisa88]

This kind of price rises are not sustainable, and after the pump is finished the price ussualy goes back to it's initial price. From my experience it's better to stay away from this kind of coins.

[dubynin1990]

I think this is especially jacking up the price, now newbies will see this increase coins and begin to be purchased and then the price really will go down dramatically and people lose their money. Seen similar scenarios on the market, this is a favorite topic for traders artificially inflated prices and then a sharp crash.

[Kinoppsio]

 This rise in price is not organic. It is definitely some manipulation of sorts. Take it or leave it. Go check the volume and 24hrs history and you will see my point of view.

The Dev is definitely playing with people's emotions. Only a noob will go all in on this

[Suwycu]

Most likely this is another manipulation, so do not react so quickly and buy this coin!

[Guildenstern89]

A normal phenomenon, this sometimes happens with cryptocurrency. It could increase by 1,000 and 2,000, and even, as in this case, by more than 5,000 percent. That's what makes her attractive! Apparently, people have begun to sell, and the AU is again as usual.

[team87]

WOW. maybe my glasses are damaged or is my computer being damaged? I see Aurum being ranked 23rd in the marketcap. it seems like I will sleep for a few days and please wake me up when this news is true. thank you !!!!!!!!!!
 

[Jerrycryptofield]

This is really magical, i also think so. 600%, Unblievable!I think a big company is trying to change it's face or like that something.

[EveningRock]

Many investors believe that it is easy to manipulate coins with low volume. Aurumcoin has a volume of only 300,000 coins . It is easy to manipulate coins with low volume and cause pump and dump in the market.

[satosibtc1000]

I also think it's manipulation and nothing more ! During the day, the coin has increased to $ 1600 and at the moment 27 $ and I think that she'll never rise again !  They even have a website that raises suspicions.

[DarkVampire]

Well this is what a pump and dump looks like and this is what it feels like when the dump happens. This is the very reason that the people are always asked to not to get engaged in it.

[AiloveYouks21]

Hey…Guys

I’m shocked today when I see the Aurum coin today in coinmarketcap. See below




Is it magical or something else?

I do not trust coinmarketcap completely because the calculation of their data is very unreliable, Aurumcoin will not be able to be appreciated that much.

[throatbuttermilk]

i think it's a shitcoin, and it's just got pumped like hell because of the low volume. Check their website, it's full of shit...

[CuteSeal]

This coin has a very low volume and seeing the price to increase so much in such a short amount of time is a bit unsettling. If ti is a part of the pump and dump, then it will be better for the investors to stay as far away from it as possible.

[SwampRose]

As shocking as it seems, but this is what the entire pump and dump is all about. Do you see how low the volume is, this will then lead to a dump of the coins in which the investors will be left broke.

[Gaff]

Hey…Guys

I’m shocked today when I see the Aurum coin today in coinmarketcap. See below




Is it magical or something else?

Yeah it could happen anytime, and congrats to the holders, even it is manipulated by the whales or the pump group but the good thing is that it gives a surprise blessing to the holders that sometimes it happens only once, anyway if it is not true then it is really a shit coin.

[DimHorse]

There has been at least 10 posts made on the similar topic on the forum. I suggest you to check those first before you take a decision. However, in case you are still not aware of the situation, this is a case of pump and dump and the owner is trying to make some good profit from here. Don't fall for it.

[MilfordGannon]

Oh my god! Its like a dream, and i believe it would be.nothing to disagre. In this year all the altcoins price are rising so high.I think most of the big company trending to invest in Aurumcoin. It is a hopefull news.

[tailor.and]

Not sure if this is a scam or real. But Aurumcoins policy seems to be suspicious to the peole. Sometimes People gets bankrupted due to this pump and dump scaming.

[iamreal]

Such a straight line increase could be an artificial price increase been manipulated by an error or even pump and dump group, I have seen the chart of price increase before, it start going up slowly and slowly so this one in particular something must be wrong somewhere.

[Lerikaweb]

It was a simple pump. You could make some profit from it if you saw the coin grow. But never buy on the top if you witness a pump.

[krauzzer02]

Sudden pump checked the coin and it has low volume, it is an indicator for that specific crypto for a possible manipulation, last pump price was $1.7k then the current dump price was $28, can't judge if this is a scam but there's a person who pumped that market to cause fomo not so hard to pump an altcoin like this given by the price and its volume, the price falls like steep mountain not so normal movement and suspicious.

[bitcoinminer566]

The volume of the coin is very low, suddenly it has skyrocketed; you don't need to be Einstein to understand that it is a classic pump and dump. Some newbies or inexperienced and overly enthusiastic investors might fall for it but I don't think anyone will be interested to say the least.

[althiche]

I think it’s a scam.Its only a trick to pull newbies and console them to invest after this coins.Because the increase of the volume is done pretty fast,which is not indicating anything good.

[cryptocrabs2]

In this market, you can without much of a stretch control coins that have low volume just on the off chance that you have a little measure of cash. on the off chance that you take a gander at the 24-hour volume you can see that the volume isn't good enough.

[Tobt]

It is true that the percentage has increased greatly. As the volume is low, it decreases as it grows. Beware of investment. Make your money safe, but I think someone can choose the right time, then it will be beneficial.

[BillyBelmonte]

Don't trust CoinMarketCaps figures for small coins. Such things happen sometimes. In most cases it is manipulation of price. You are not able to sell this coins by this price.

[fulled]

Almost all my friend telling me about this coin, i dunno about this coin, but i think its a warning sign if some coin rising so much like this in just a day, but i hope this an organic growth, not just a pump and dumo scheme

[BumblingBee]

I don't care for pumps. As I would see it, this is an exceptionally unreasonable approach to profit. I've seen that coin as well. Be that as it may, I don't encourage anybody to purchase coins after the pump. On the off chance that you purchase now with the expectation that the cost will rise no doubt you will lose your cash.

[coppied]

Yes, it is much more with percentage calculation. But if you convert it to BTC, then see how much its value in terms of money. Since the volume is low so it can be easily controlled. But there can be a lot of profits from here if you can choose the right time.

[goldencrypto7100]

If you see the volume of the coin you will be more surprised. The volume is very low. These kind of insane pump doesn't look good with such a low volume. So i am not surprised with it.

[LinkinPrak852]

Yeah it's a magic! It is pump and dump magic. I think we all know about this manipulation. It is often done for attracting investors in a certain coin. Most of the time the price falls soon.

[cryptocamacho4785]

The price is not the only fact we should be concerned about. We need check the volume also. It is very low for Aurum Coin which is not a very positive sign. I think people should be careful before taking any decision.

[echodike]

I heard about this news about Aurumcoin increase 6000 percent on coinmarketcap and since then i have always been asking myself what really happen? and I can never stop imagine if i hold such a coin at that time, I would have been rich. 

[Rammygold]

What more are you expecting from a great project, I have known from the onset that this is a great project that will withstand the test of time and still remains valid it is a block chain based project focused on improving theindustry. A revolutionary step indeed! Am happy I know about this great project.

[jossiel]

What more are you expecting from a great project, I have known from the onset that this is a great project that will withstand the test of time and still remains valid it is a block chain based project focused on improving theindustry. A revolutionary step indeed! Am happy I know about this great project.

Great project?

I'm not sure if you know something about this coin or you are just guessing and giving a reason base on your opinion on why the pump has happened. If this is a great project then it will go along with the process and it won't just pump from low to high.

A great project it was? okay its now down and back close to ranking 400 on coinmarketcap.

[MetaPhorse007]

CoinMarketCap is a reliable source to get the update and the news about the cryptocurrency. Since coinmarketcap shows this data then I think it is true that the price is increased.

[scooby_doo23955]

If you have a low volume, you can pamp or control the situation with a very little money. It is much more in terms of percentage but it is less financially. You can easily guess it bu converting it by BTC.

[adiebitsler]

just glimpse just what happened to aurumcoin, then now it's back to normal, is there more information about this coin why do it like that, is there a possibility to go back like this and make a lot of people profit.

[NyxAssasin]

CoinMarketCap is a reliable source to get the update and the news about the cryptocurrency. Since coinmarketcap shows this data then I think it is true that the price is increased.

[kirstiemorton23]

it's terrible to see this coin because of a severe dump, this altcoin has very severe market manipulation, I won't be affected by altcoins who work with pumps and dumps, it's too risky to play with altcoins like this.

[Woundur]

with low volume 24h that time 0.82 btc worth and now this is 10.19 btc. that's the real thing. we shouldn't create any hype to see the huge pump. we should wait and see the market.

[wsca]

it's just a strategy to attract the investors or maybe there are some human error occur. otherwise it can not be possible. after seeing the huge pump now you can see the real character of aurumcoin.

[RetiredPlanBTC]

Aurum Coin is a new crypto coin in the crypto market. Its price was not that much was high at first. But I can’t understand how the price can be increased at such a percentage at a time!!! Is it real or a scam?

[btcscal]

with the very small volume i don't think this pump is the positive sign. it's maybe miracle or attention seeker. and you can see their ranking that already decreasing. now aurumcoin is 408 position.

[BarnabyETH]

I have read the news about this. The investors always try to keep their coin in such a place in the rank from which people can be attracted and invest in their coins. Then they will be profited. It may be a scam also.

[Hourpre]

This is really a high rise but one thing that I am not convinced with is its volume. The volume is too small. I don’t think this price of this coin will be long-lasting in the market

[HEAUSUCE]

Yeah this is unbelievable rise but its volume is very small. According to my opinion with this amount of volume a coin can only rise by pumping the price by specific people. So it will not last long 

[BALIK]

CMC has been having issues lately, showing some coins massively multiplying in market cap when actually nothing has changed. or, it could be a pump and dump, but I don't think I've ever seen a coin successfully pumped by 60x value, that would be extremely obvious market manipulation.

[Raccuporly]

This coin has quite low volume. May be a certain group is trying to create pumping and dumping effect to make an illusion of the price of this coin. I don’t think this price will sustain for long time.

[veinspeak]

it was just a pump and dump, nothing to see here. I can't believe how stupid the people are..

[evichi]

 What happened to Aurumcoin can be regarded as pump and dump tragedy. It might look beneficial to the group doing this, but it is not good for the cryptocurency industry growth. It is important to watch out for false news and alarm. This type of situation can wreck genuine investors that are not aware of the hidden group that planned the pump and dump. This also happened to XVG (Verge) sometime in the first quarter of this year. It is advisable to take caution on news and other forms of information on crytocurrencies. In the future, we hope it will be regulated. Also, the Exchanges should devise means to control/ stop this scenario.

[healthyfirework]

This in my opinion is very exciting and also amazes me. Because I just heard about this and for now it is very rare that we can see an increase in coins up to 60x fold at once in one night. That's so cool. people who store coins there now will party and enjoy such huge benefits.

[Stargazer]

This was a fake pump. Maybe someone ordered Aurum Coin at a very high price. Like Aurum Coin present price 28 USD, if you put buy order with 1500 USD or if you buy from a high sell order then in Coinmarketcap, the price will show that high price. It is very easy to manipulate the coinmarketcap Price. Aurum Coin has a low volume, it can't go that high amount in real!