AurumCoin has recently seen a sudden hike of 5749% on Coin MarketCap which is surprisingly unusual. Tons of people are stomped due to this incident. People like us are wondering is it for real or just a scam..
There is no question if there is a scam, it is pretty much always fishy when such low volumes, 700 usd / 24h jumps to 100k and takes the price straight up with little resistance. The coin is supposed to be worth 1 g gold so thats another thing, why would 1 g gold be worth 800 dollar, must be something fishy hehe
Seems that now the price is back down
Avoid having any bussiness with this coin. It is easy to spot pump and dump scheme if you pay attention on volume and price. Low volume prior the big rise in price suggests that scammer bought some coins trough extended period of time to avoid rise in price. Then he hyped this project and sold his coins when price peaked.