Another pump and dump manipulation

[bigjuk]

From the data I saw on Coinmarketcap, this token has a very low marketcap, so it is very easy to be manipulated by one or two people.
It is indeed very risky to invest in new coins / tokens, so if we are new to the crypto world, it is better to choose coins / tokens whose fundamentals are clear.

Actually, it's very easy to find out through the help of coinmarketcap where almost all the coins that already have strong fundamentals are all there, it's just for everyone to make their choice, very simple isn't it?

[ultrloa]

From the data I saw on Coinmarketcap, this token has a very low marketcap, so it is very easy to be manipulated by one or two people.
It is indeed very risky to invest in new coins / tokens, so if we are new to the crypto world, it is better to choose coins / tokens whose fundamentals are clear.

Actually, it's very easy to find out through the help of coinmarketcap where almost all the coins that already have strong fundamentals are all there, it's just for everyone to make their choice, very simple isn't it?

Not simple as you think since even the coins have fundamental have potential to get dump especially when bear market strikes the same on what currently happen. Maybe we can say we can trust them for lasting long in the market but we also need to be careful on its volatility since each movement still unpredictable and we need to choose the top since they will give us a little assurance that they will pump after the price of it dump for some reasons.

[nimogsm]

In general, nothing new, as correctly written in this topic, the scenarios of 2017 are still relevant.I do not understand who and why invests in unknown projects and then so easily loses their funds, of course someone earns from these manipulations, but the risk is enormous.

[llecrf]

Actually, it's very easy to find out through the help of coinmarketcap where almost all the coins that already have strong fundamentals are all there, it's just for everyone to make their choice, very simple isn't it?

https://coinmarketcap.com/currencies/squid-game/
If you visit the link above, you will see a notification from Coinmarketcap that tokens cannot be sold after you buy, I think this coin is worse, because I have invested in this coin and it's true, the coin cannot be sold due to other reasons from team members .
Some coins that have good fundamentals will also end in failure, for example YANU, the team only focused on the product and didn't care about the tokens they created, so the tokens were delisted from the exmarket exchange and it was a valuable experience for me in 2018.

[Hypnosis00]

See another manipulation of a new project, the coin is called greenex (gnx). From September 18 2021 the coin was selling at $0.93245. The coin increased to $422.42 on October 5 and decrease the following day back to $0.0009702 from $422.42. the coin ever since that time has been very low.



https://coinmarketcap.com/currencies/greenex/

I see this as a bump and dump coin, many people can see the coin increasing and invested but not knowing the coin will start to decrease the following day. Can you imaging what $10000 can turn to if invested when the coin turned $400 and it dumped that way, it will remain less than $0.0245.

This is one of the risk in investing on new coins and tokens, they are gambling.

I was thinking about the hypes made by the developers and probably a trap for no-how investors. Actually, this is very common to new projects, most of them show a good start but later on, it just suddenly drops and never it see to recover back.

This is a risk when buying a new project, especially when it has no working product and this is the reason why I simply ignore them. Coz in many cases, people are losing their money due to wrong investment.

[oemar bakrie]

good luck for those who have released the token when the price is very high, and all of that we really can't predict because the need for the token when the price is high is very useful, and maybe now everyone has got it and the price immediately drops very quickly and many are..feel the loss if you hold on too long.

[Doell]

small space low value fast pump and dump it doesn't even take more than 2 hours to manipulate the price ,it's often the case with altcoins that whales do play to pick up a few traders who are stuck in their reach ! such a thing is no secret be careful

[makishart]

The manipulation was coming from the developer itself. I can see that if the dev was pumping its own token and then it dumps it to the bottom. I guess the dev was minting more tokens to be dumped into the market. It can be seen from the daily trade volume and i would not be surprised to see that if the developers are pumping its own token to fool the new comers that were putting liquidity to the contract/this token.
The shit tokens pretty similar with gambling and i do agree with it but as long as it's not rugpull and you will still able to sell your token and that's a bit different with gambling that you can still get your money even in a small part. When you're gambling your money and when you lose and you will get zero possibility to get back your money.

[Oilacris]

small space low value fast pump and dump it doesn't even take more than 2 hours to manipulate the price ,it's often the case with altcoins that whales do play to pick up a few traders who are stuck in their reach ! such a thing is no secret be careful

Wont be something new and its been always like this on where this market could really have those low cap coins which whales could easily play with and hook up those noobs to leave them into the air when they do make out some big sell off.

Which you should really be careful on dealing with this and if you do tend to play with fire then you do know the risk
and be wary on potential situations that would experience.

Manipulation is really that common and if you are really slow on making decisions then you would get caught on the dump.

[raidarksword]

Crypto is risky as always and any venture in this industry is 50-50 chance if make profit or make total loss. In this behavior I could say it was only driving in future investors to buy tokens and in the end more like rug pulled by the developers and exit scam. Sometime buying tokens in the dip is not safe because it might not pumped again. So we should always knows when to venture on type of projects.

[Azar138]

Such coins are very risky. Personally I try to avoid them as they depend on whales that will dump and pump its price and you are not likely to sell in the right moment then, so it is better not to play such games. It is better to participate in ICOs or invest in fundamental projects from top-100 coinmarketcap as they are less subject to such leaps from 400$ to 0.0009

[19Nov16]

This is a new type of project that pumps hundreds to thousands of percent a day, after pumping thousands of percent, 2 or 3 days it will go to the bottom of the sea because of the devs. sell slowly so that the coin will die soon, it's better to avoid coins or tokens that pump up to hundreds of percent per day because this will make us regret.

[onecall123]

Exactly what we expected!

Any project with a low market capitalization can be easily manipulated. There is no doubt that pumpers make money from it. This will dump back shortly. It's a normal occurrence in the crypto industry. For those who bought at peak prices, sorry! You will only see downward trend from here. In fact, I'm not confident the bleeding is finished. A few more dips and you're done.

[EmmaGod]

Investing in this space can actually be equated to gambling and that's why people are flocking in daily to take their chances. I'm certain that most people would love to invest in any project when there's a time frame for it to pump and as such enjoy from the pump and dump scheme. It would only get better, if the focus is shifted from greed to development of the industry.

[Kadal Ijo]

Decentralization will never be stable, there are always pumps and dumps because of different market demands, I think pump or dump is a good opportunity to get profit, if the market dumps then those who like to say it's too late to buy because the price is high can buy immediately, and when the pump sells is a good thing to make a profit.

[JayTrain]

I think this is already some kind of a new level for attackers, to pump up a coin, then make a hype and just withdraw all the liquidity, and with what there are projects that are well disguised, and it's hard to consider a scam.Unfortunately, this happens, and it's a pity for those people who bought this "coin" on ATH.

[masterrex]

Damn it, that was a total rigged, I guess it was comparable to what happened to the squid token dump? for me, it was evident that the market is not safe anymore, because of such manipulation that was happening in the market. that's why observe extra precautions while dealing with those new projects if you sense that something is wrong in its price pump you better avoid it.

[Koro-Sensei]

See another manipulation of a new project, the coin is called greenex (gnx). From September 18 2021 the coin was selling at $0.93245. The coin increased to $422.42 on October 5 and decrease the following day back to $0.0009702 from $422.42. the coin ever since that time has been very low.



https://coinmarketcap.com/currencies/greenex/

I see this as a bump and dump coin, many people can see the coin increasing and invested but not knowing the coin will start to decrease the following day. Can you imaging what $10000 can turn to if invested when the coin turned $400 and it dumped that way, it will remain less than $0.0245.

This is one of the risk in investing on new coins and tokens, they are gambling.

This thing is getting out of hand. Lots of projects are out there hyping up their coin and dump as long as investors comes in. I think only newbies are prone to this type of scams specially those who don't look for tokenomics and audits that 3rd party auditors made. Newbs should look for total supply available and its corresponding available supply to determine its price. If its high price without basis, then you should get worried.

[Ngewex Yuk]

Let the market dump and I will buy when I feel the market can't dump anymore, this is normal and I'm sure the market will skyrocket again, the main key when the market is red is not to sell assets when losing, it's better to switch to stable coins.

[Anguwa]

This type of crypto token are indeed a very high risk, investing in such token is gambling, but how can someone that is new to this system identify such crypto coins?, pls I really need more detail explanation on how to identify such tokens so as not to fall victim.