"The Big Pump Signal" - Market Manipulation by Pump and Dump
Updated
"The Big Pump Signal" is a Telegram group of traders who have decided to pump and dump various coins every few days. They have approximately 50,000 followers who may contribute to the pump and dump announcements.
Example of their announcement:
Dear members,
For today we have a different setup. Not a ussual pump. We are spreading news again, just like the OAX pump, one of our most succesful pumps.
This time you have the ability to earn a prize if you retweet and react on the tweet. Just like yesterday's give away, we will be giving away 2x 200$ sponsored by Althansia (one of our Discord members) . To win: Retweet, like and react on the news tweets and upvote the reddit post. We share these news posts, so we can get outsiders in the pump to optimize the profit of our members. Right after the pump, we will announce two winners.
Also, after the pump the invites on Discord will be turned off for a small while. We are upgrading and improving the current system and implementing some anti-spam features.
Let's make this a pump we will never forget!
The Pump team
See update below for a zoomed in version on the 1 minute scale to show how quickly this pump and dump happens.
Example of their announcement:
Dear members,
For today we have a different setup. Not a ussual pump. We are spreading news again, just like the OAX pump, one of our most succesful pumps.
This time you have the ability to earn a prize if you retweet and react on the tweet. Just like yesterday's give away, we will be giving away 2x 200$ sponsored by Althansia (one of our Discord members) . To win: Retweet, like and react on the news tweets and upvote the reddit post. We share these news posts, so we can get outsiders in the pump to optimize the profit of our members. Right after the pump, we will announce two winners.
Also, after the pump the invites on Discord will be turned off for a small while. We are upgrading and improving the current system and implementing some anti-spam features.
Let's make this a pump we will never forget!
The Pump team
See update below for a zoomed in version on the 1 minute scale to show how quickly this pump and dump happens.
Note
zoomed in 1m chartNote
To be clear: I'm not manipulating the market and I'm not part of this scam. I'm only monitoring these guys. I have not been involved in their manipulation. I just happened to see the announcement about 15 minutes before it happened, so I jumped on TV to monitor it and show people that markets are being manipulated out there and to beware of such manipulation.People need to understand that market manipulation is real. Whales and whale groups can pump and dump and the bigger they are, the more they can affect the markets over a longer period of time and thus not be noticed.
Note
China manipulating the market now..Please see this.. it is just as accurate today as it was in 2013.
imgur.com/a/KDwtE
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.