For just $40k volume, this altcoin pumped its market cap to $300 million?

[cheezcarls]

Storeum, a relatively unknown cryptocurrency, has surged more than 350% in the last 24 hours, pushing its market cap above $300 million. However, the pump happened with a volume of just $40,000.

Storeum is a blockchain project on Ethereum that claims to be the world’s first decentralized, peer-to-peer marketplace. After its launch last year, the project mostly traded below $0.10. However, a sudden interest in the token has sent its price soaring above $2, gaining more than 350% in the last 24 hours. On CoinMarketCap, it is the 29th largest cryptocurrency with a market cap of $309 million as of this writing.

Check the full news here

This one tells me that the only way for tokens to get pumped is if a certain whale or big buyer is interested in the project. Looks like Storeum holders are lucky today.

I know that there are lots of shitty projects out there who thinks that their latest “partnerships”, product developments, announcement of their newly-appointed “big name” advisor would help pump the price. The truth is that it won’t likely happen.

It’s pretty simple. Simply pitch the project to the buyer or investor, convince him about the benefits of buying and holding that token and close the God damn deal!

I know this cannot be duplicated by shit projects because of not having a strong real use case and benefits in holding those shitcoins. But if the project, however, made great progress in their roadmap and always provide transparency to their community, there is a chance for interested buyers or investors to hop in.

In other words, the product or MVP itself must be strong enough for buyers or investors to be convinced in buying the tokens. Plus, the projects must have strong pitch decks (along with our strong pitching skills too).

[1715101446]

1715101446

[Novatech8]

Yes i noticed this yesterday as well, thats like 600+ percent growth but is storeum a really good project because i am just knowing about it yesterday because of the huge gains and hope its not another pump and dump coin, either ways congrats to all storeum holders

[asriloni]

Something similar like biteball and a few days later this coin was going to the bottom again
https://coinmarketcap.com/currencies/storeum/

There was a big gap between the sell and buy orders. This not a big surprise but again shitcoin will always become the shitecoin whatever how much it will be pumped by the whales with a few pennies.
It's better to take the exchange site that is currently trading storeum
https://extstock.com/markets/sto_eth
there was a huge gap between the buy and sell order. You just need to buy a token to make it gets increase more than 100%

[LouVandetta]

From what I see on the exstock market, Storeum buy and sell orders is like one sided. Tons of sell orders and a tiny buy orders. I don't knowh how they managed to achieve such market cap in a very short time with lack of volume. But from the trade history on the related market, it only has a very little amount of buy and sell orders. What a huge gap. It is some unknown altcoins, so not many people know of them if not because their price pumped. Whales could easily move the price of such altcoin with only a bit of their money.

[knuckey]

Something similar like biteball and a few days later this coin was going to the bottom again
https://coinmarketcap.com/currencies/storeum/

That's right, because only one day later from the achievement of ATH and the storeum has fallen to the bottom like other shitcoins that are dumped after the pump. Storeum has fallen in the rank of 176 when this post was made.

[Raflesia]

It's like being manipulated by some people jumping just a short time with 24 hours and then going down again like the price of all hmm I'm sure this is just to surprise the traders to see it.
Exchange ExStock STO tokens there are no active buying and selling even the purchase price is further than the selling price. is it possible that people will buy for $ 0.1

[CryptopreneurBrainboss]

Storeum is a scam projects that has plagiarized their whitepaper and also listed false (fake) individuals as their team members, you can read more on this here; Storeum - fake/ai generated team members! The exchange (ExtStock) this project is listed on, isn't to be trusted as well for not carrying out proper investigation on a project before listing. They're exposing their customers to risk of getting scammed and from observation there is manipulation ongoing on that exchange.  

Just replied to a related thread on this same issue and from the images below, you can observe from the time frame the price is currently been manipulated

.

Neither the exchange or the project can be trusted. It's in your best of interest, to avoid trading the coin or patronizing the exchange or risk getting scammed. Both representative of the projects (coin & exchange) on the forum has been red tagged and flagged respectively.

[Mighty_crypt]

This is nothing to write home about, its not the first in crypto space and it won't be the last either, storeum project just got pumped either by the teams themselves or by unknown whales and mind you this doesn't make it a better project

[dcomomal]

This is the core problem of all shitcoins. They are getting listed on a garbage exchanges without any real volume and when somebody or even the team members are willing to raise their capitalisation, they are just buying some coins and boosting their cap to the moon.