Examples of cryptocurrency pumping

According to the idea of the implementation of the pumps can be divided into four groups:

Pumping of top coins by media persons (accidentally or deliberately - no one can say for sure). Random Pumps. Coins that, for reasons that don't quite make sense, grow because of consonance with major coins. Startups, which "adjust" to the current trend, raise money and after a while announce soft or hard scams (officially declare their inability to support the project or shut down the site). Organized Pumps. They are planned in advance. There are small organized pumps - they are held on a separate platform and have little effect on the overall price because they are short-term (i.e., not suitable for arbitrage). Large pumps are held by market makers.

• Top Coin Pumps. In late November 2021, Elon Musk suggested in his tweet that Vikings may have been on the moon before American astronauts. Perhaps this joke had some hidden meaning in relation to the movement of the VTC to new historical highs, but investors decided to react in their own way. The unknown VikingsChain, Viking Swap, and Space Vikings soared more than 300% in a couple of hours. VikingsChain has already been removed from the CoinMarketCap listing as of today. A similar situation occurred a few months earlier. In May 2021, Musk posted about a small Starbase settlement chosen for SpaceX's spaceport. The coin of the same name went up more than 4500% in 1 hour. Then the coin expectedly went down.
  
  
• Random Coin Pumps. On October 28, 2021, Mark Zuckerberg announced a shift in Facebook's concept towards a meta-universe. The idea of moving to meta-universes interested investors - the segment leaders Decentraland (MANA) and Sandbox (SAND) immediately went up. But the cryptocurrencies that have a similar name, but have no relation to meta universes, went up together with them in an unknown way. Metaverse Miner is a junk coin created to provide mining. But investors didn't seem to be particularly eager to get to the bottom of the project, buying up any coin with the name Metaverse. It is unknown how many people lost money in the subsequent campaign. A similar situation happened with MetaverseX and Metaverse (ETP) coins. This type of Pump and Dump can be safely attributed to scams, as the developers knowingly offer investors a non-viable idea. The legend is disguised as a current HYIP project. An example is the cryptocurrency SQUID, which appeared on the wave of the "Squid Game" series. On October 29, 2021, the coin went up 3380%. Despite the fact that its White Paper banned the sale of the coin, about 40 thousand people managed to buy the token. And even after the subsequent 99.9% drop initiated by the Binance investigation, the coin managed to rise again by 525%. Then finally went down.
  
  
• Organized Pumps. If a pump goes higher, the price moves on all exchanges at the same time.

In the next article, we'll break down how to avoid getting caught in a Pump and Dump scheme

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