[Warning] Wall Street Bets pump and dump group.

[ScamViruS]

This is currently the trending pump and dump group, a lot of retail traders are falling into the trap of this pump and dump. They pump a coin in one minute and give the name of the coin to the group to the traders to buy the coin and from the next minute they start dumping the coin. It has now become a trending scam system. Just yesterday, Justin Sun shared the TRX signal of this group on his Twitter account and what happened after that can be understood by looking at the current market price of TRX.

So people like Justin Sun and such pump and dump groups should stay away. Because if you follow the signals of this group, you will lose your entire fund in a few trades. So educate yourself, stay away from such scammers.

Channel Link : 1 t.me/Wall_Bets_Street

Channel Link : 2 t.me/street_wall_bets

We should be reporting a lot on these two channels so that Telegram can take action against them.

[hatshepsut93]

There may be an argument that the original WSB trade on GME stock is not a simple pump and dump, because of the short squeeze, though still a lot of retail investors will lose money, but pretty much any other suggested market, like other stocks or DOGE is just a blatant case of pump and dump. There's no conditions that could justify rising in their price, it's just an attempt at manipulating clueless retail investors. Don't get emotional and greedy on this market, be it stocks or crypto, the crash will come and lots of noobs will be left with bags.

[ScamViruS]

There may be an argument that the original WSB trade on GME stock is not a simple pump and dump, because of the short squeeze, though still a lot of retail investors will lose money, but pretty much any other suggested market, like other stocks or DOGE is just a blatant case of pump and dump. There's no conditions that could justify rising in their price, it's just an attempt at manipulating clueless retail investors. Don't get emotional and greedy on this market, be it stocks or crypto, the crash will come and lots of noobs will be left with bags.

There is a lot of discussion and hype about WSB in the market. When there is a lot of discussion about something, there is a group of people who use it to fool people.

I don't know if this group belongs to the original WSB, or any other whale group created this group to pump and dump altcoin using current trends. In recent times they have pumped a lot of coins and are doing so, so many newbies have lost their money in this trap.

[JeromeTash]

How I wish people would try as much as possible to avoid such pump and dump schemes. I just checked the screenshot of one of the groups, and it's showing 200,000 members  

So people like Justin Sun and such pump and dump groups should stay away. Because if you follow the signals of this group, you will lose your entire fund in a few trades. So educate yourself, stay away from such scammers.

People like Justin Sun are toxic to the crypto community. It's the reason I don't trade or buy their dead shitcoins. He's trying so hard to resurrect his dead coin, but it just keeps sinking even in this bull market.

Right now the latest pump is on Ripple, another dying coin

[GreekCoiner]

The GME and DOGE pump has nothing to do with those scam pump n dump groups which choose some illiquid shitcoins, they buy and then they give the signal to channel member to buy so they can unload their bags at +100-300%.

GME pump was legit. It was a nice short squeeze. The Doge pump was also a nice reaction.
As about Justin Sun, I think that this guy has a serious problem. He is always seeking attention and yes I think he's toxic to the crypto community as @JeromeTash says.

[pooya87]

We should be reporting a lot on these two channels so that Telegram can take action against them.

Unfortunately this is not the first pump and dump group and it is not the only existing one either. There are lots of them that are milking the newbies dry with their scam while filling their own pockets. They keep growing like mushrooms as long as there are desperate newbies wanting to make money from altcoins.

[pakhitheboss]

First of all this not new, there have been a lot of pump and dump groups in the past and most of them end getting banned by telegram. These groups also provide paid signals, which in my opinion is a scam. Avoid such groups on telegram they will always squeeze your money rather generating for you.

[boyptc]

These are very common. Riding the waves of what's popular in the market.

Whether there is one which is real on those groups. Before the GME pump came, these pump and dump groups in crypto has been already been existing.

[OcTradism]

Newbies need to learn from their lessons, with losses of course. They don't listen to you if they don't get any loss in the market.

It is seldom to see newbies have opened mind and listen to your advice when they begin in the market. They are lazy and want something that can help to get profit as most quickly as possible. They are not readily to learn and don't want to waste their time to learn.

Pump and dump groups fit their short-sighted needs. 

[ScamViruS]

We should be reporting a lot on these two channels so that Telegram can take action against them.

It's more efficient to teach people to do extensive research and control themselves from FOMO. Reporting to telegram only can control the damage, not prevent the cause itself.

You are right. They are thinking wrong about that crypto market, they have to get out of it. But when the founder of a top coin promotes such a pump and dump scam, educating the newcomers cannot control them.

So If you report to that telegram channel, Telegram will mark it as a scam. By making warning posts, newbies need to be educated more about reality.

[khaled0111]

The number of followers and online members keeps increasing every minute which means more victims and more money for those scammers!
Am sure many've reported these groups but it looks like tg is not going to take any action against them any time soon. Even if they do, those scammers will just create new groups.

[ScamViruS]

The number of followers and online members keeps increasing every minute which means more victims and more money for those scammers!
Am sure many've reported these groups but it looks like tg is not going to take any action against them any time soon. Even if they do, those scammers will just create new groups.

If you keep an eye on their channels, you can see how their channels are getting bigger every moment. They are giving different types of giveaway to promote their channel, which is why a lot of members are promoting this group through various social media.

And after getting the link of this channel through social media, many inexperienced crypto users are falling into the trap of such scammers.

[sujonali1819]

What's the reason of trending the words '' wall street Bets'' ? Some big already happened with this? I don't know much

btw these type of pump and dump group is always in crypto. But this one is bigger what I saw in past. Even they are requesting users to join another group due to large participants.

These type of pump dump only help the managing community to take/steal a huge profits. And this very risky. Better to avoid them if you guys are new there.