Post
Topic
Board Altcoin Discussion
Re: Altcoin pump and dump
by
joseyphil82
on 18/11/2020, 07:50:19 UTC
well, it's hard to tell.
Pump and dumps don't have to be orchestrated by the project team itself.
usually with good projects it's done by 3rd parties, like marketing firms who were paid in these coins, or exchanges.
For example, one project i'm following paid bitcoin.com exchange listing in their coin, and they dumped their bags few days ago and downed the price by 95%.
Pump and dump are of two different type, one is pump and dump to level and the other is pump and dump to death, for example every projects that listed on Binance exchange always pump because of the news as we know it but later it dumps to a level price, pump and dump to death happens with projects that have no good intentions from the beginning, the team planned to pump and dump the token and exit scam