Another pump and dump manipulation

[Mamun74]

It is always pump and dump because it different market demands and you have to remember that Decentralization will never be stable. Decentralization this always pump and dump coz it is normal matter. When you buy new coin and products don't work properly then you will be lose your investment money.

[israt1@]

One of the coins you have seen is cantenaX(CEX). It was $7 at first which is reduced to 0.04 today. But today it is 0.11 again. The pump is being dumped almost all the time. In fact, it is not a static pump. It is just going towards the dump. What is it called?

[michellee]

I guess that is a pump and dump manipulation as the token is a newcomer in the crypto market. Those people who play pump and dump want to attract attention from other traders and invite them to join their party. But when the party is over, those people make a big profit while other late people will lose their money. That is why you need to think twice about buying the new coins or tokens because there will be a pump and dump manipulation that we do not know.

[kanayaTabitha]

This is one of the reason why most people avoid decentralised exchanges and honestly we need to first look at the volume before investing especially when it's a new coin, because if the volume is too low then it can be easily manipulated by a single user, most of the time it's the dev team themselves manipulate the coins like this to make a lifetime earning. We need to be more cautious and never fall for these traps.

The disadvantages of dex is shitcoins is not audited and could listed anytime, people who are just aiming for profits will get tricks by sudden pump made by the whales and find some victims to trap.
Even shitcoins sometimes have some decent volume because the whales are in group, and leaving at the same time so the real investors doesn't have time to exit and loss almost all the value of the investment

[liqidoxgen]

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.

What made this person immediately invest 10k dollars in a new, little-known project? Apparently, such an aggressive investor "did not know" that new crypto tokens are too unpredictable to take such risks.

[crzy]

It is common knowledge, every new project released by most of the developers, they will try to manipulate the price of their coin in a way that they think will increase their profits big in no time.  That's why I suggest that good analysis/accuracy is needed before investing, because to minimize the risk that will be caused, bro.

Analyze very well is the key here especially knowing if the team still owns most of the token, for sure they can easily manipulate the price, know the allocation of the funds if you don’t want to get trap on that pump and dump situation. Don’t invest on any good project without such analysis, that’s too risky since they still have no numbers to analyze the chart, purely based on papers at first.

[Fritwakky]

From what you described, it looks like a scam coin linked to a pump & dump signal group. These things have been happening for years and will continue to do so.
Of course, this destroy the image of decentralised cryptocurrencies, but if you look closely at a similar situation, you can say that Elon Musk did a similar thing with DOGE.

[Oasisman]

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

One of the great example why most people lost their money.
For the few some It was a blessing, especially those who took the risk after the thorough research.
Pump and dump are kinda usual in the world of altcoins, but It's really a dangerous investment, even If you're in a group called the "pump and dump" group. You'll never know If they're just using you then run away after they get what they want.

Nevertheless, investing in new coins are always risky.

[Gozie51]

One of the coins you have seen is cantenaX(CEX). It was $7 at first which is reduced to 0.04 today. But today it is 0.11 again. The pump is being dumped almost all the time. In fact, it is not a static pump. It is just going towards the dump. What is it called?

Wow from $7 to $0.04 is really a hard dump and will get investors to regret. This should be called a hard dump if you are looking for what to call it. It is obviously a shit coin not profitable to hodlers. But meanwhile, this coin is not found in CMC, I searched but didn't see it. It is wiser to invest in coins that are listed.