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