for example you own 10.000.000 eBTC in your wallet.
with that you can dump the price to around $0.05(30% from your total token in your wallet).
afterward he/she put his/her own buy orders and sell it directly to that orders.
(buying and selling to their own orders)
he/she keeps doing that 5 times,
because of that total eBTC volume is increasing and people think it's already bottomed and put some of their money into it.
and you should have know what will happen right ?
i knew it because i was the victim before.
i lost nearly 70% from my initial value/capital because of those scheme before.
im sorry to read this, but its true
we have seen many scammers (whom call themselves dev) do that with their own bags
xmrg was 1 of the biggest ones whom as busted by CoinExchange before running
but this team seems to have close relation with others like kucoin !!!
do not worry it happened a year ago,i already forgot about it already.
yeah,usually someone who did this was the developer themself or someone from them.
just make sure you guys do not fall for it,because cryptocurrency is not a good place.
you will see a lot of dirty trick in here and if you are not smart enough you might lose all of your money in the process.