Panda Yield (BBOO) +98963 % in 24h WTF?

[famelor]

https://ibb.co/KqSDcgc

What did happen here? Anybody has some more infos?

From under 0.01 $ to 7.00 $ in 24h?

Apparently a yield farm on Binance Smart Chain...

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[Jawhead999]

Just another shitcoin pump and dump, don't forget about Defi crash before After Sushi Dump CZ reply with Highly risk especially on Defi project ?? Agree ?

Only with $2 million money it can manipulate the token, don't be trapped... it will crash soon and you'll got rekt.

There's no news about this token, whenever on medium, telegram and any social media.

[Francis Freeman]

https://ibb.co/KqSDcgc

What did happen here? Anybody has some more infos?

From under 0.01 $ to 7.00 $ in 24h?

Apparently a yield farm on Binance Smart Chain...

The basic rule of thumb is follow is to stay away from coins with low marketcap which has pumped a lot and has attractive yields.

The yields will be very high at the beginning but they usually fade away unless they have realloy good fundamentals.

[Novatech8]

That's not a normal price surge, it's probably a pump from pump groups or whales, the price will dump sooner or later, I'm sure some will be lucky and am sure that many will be doomed, it's why we must stay away from projects with low marketcap, if the projects are promising enough it won't have low marketcap

[ashmodeus]

no no , its not like that , since january i've seen a lot of yield farming on BSC , and well, i recognize this panda , yesterday price was around 5++ , and of course , data on coinmarketcap its totally wrong . i still on it btw, of course , its not financial advice, you will lose your money anytime.

Just another shitcoin pump and dump, don't forget about Defi crash before After Sushi Dump CZ reply with Highly risk especially on Defi project ?? Agree ?

Only with $2 million money it can manipulate the token, don't be trapped... it will crash soon and you'll got rekt.

There's no news about this token, whenever on medium, telegram and any social media.

totally agree , i tethered everything when i going to sleep .

[Yaunfitda]

https://ibb.co/KqSDcgc

What did happen here? Anybody has some more infos?

From under 0.01 $ to 7.00 $ in 24h?

Apparently a yield farm on Binance Smart Chain...

It's obvious pump-and-dump, of course if you are able to ride the hype then you can make a lot of money, but the risk is very high.

And I just check the price today, its now $8.0 so more people are being caught inside and this could be a trap as they can't exit because they have invested on top, too bad when the dump happens.

[asriloni]

It's only pump and dump coin and panda can be dumped again to the bottom price anytime. You must see that it was getting dumped form $15 to the 2 cents just in a short time and the same thing can happen with it again.
I don't even believe if this pump can sustain even longer than a month. It will be dumped back again dude. It's just the matter of time and the history already told us about that.

[blockman]

That's a lot of gain for that coin and lucky those people who have bought it when it was priced in cents. But if there were investors who bought on its ATH which is $9 then it's still a loss for them.
The gain that it made the price to $7 today isn't enough for them to break even. But it's better to avoid this typical coin that's pure hype and pump and dump.

[shinratensei_]

Do not be fooled with coinmarketcap number.
coinmarketcap gains are manipulated by site admin and fake volumes from trading exchange. they will not allow you to withdraw or exchange it to bitcoin.
Panda Yield (BBOO) have limited supply and no demand.

That doesn't make sense. I do believe if this is a pump and dump coin but i think that CMC has nothing to do with this as the data already got from the pancakeswap API. that means if pancake was distributing the regular data about the market price and total volume of BBOO. it's trading on pancake swap and it can be swapped only to the BNB and binance asset.
Do you know what pancake swap is?

[SquallLeonhart]

There are some weird increases in some coins time to time but if you look at it, most of them are very very low on volume and that is why they are capable of increasing that much, which could be changed by just few people.

This was one that had 400 dollar daily volume that turned into 2+ million dollars, the whole market cap of it was about 4.3k dollars, which means someone could buy every single coin with that kind of money if they can wait long enough, of course some people will just forget and not even sell because they are not aware they own it, and some people will put it on like 1 bboo at 1 bitcoin price or something, but you could get almost all coins with that kind of money. Which means this was a "fake" increase, it is not fake as in someone actually spent money on it, but it is fake because it doesn't really mean a decent increase on a decent coin.