Krutika Adani
Crypto sleuth ZachXBT has called out influencer Ansem for shilling pump and dump cryptocurrencies.
HBO is expected to reveal the true identity of Bitcoin creator Satoshi Nakamoto today.
LEN Tokens Explode
Amid speculations that Len Sassaman was the original Satoshi Nakamoto, Solana has seen the explosion of several LEN tokens.
Pump and Dump schemes are those where projects first create a pump through viral marketing and image-building techniques showing their crypto as the next big thing. However, once the token is sold, the entire campaign falls on its face, trapping investors
Many popular tokens including memecoins and multiple celeb coins have been found to be elaborate pump-and-dump schemes. Some even allege Algorand and Worldcoin to be pump-and-dump tokens.