Crypto Researcher Explains Pump and Dump Scams, HBO To Reveal Satoshi’s Identity

Krutika Adani

ZachXBT Exposes Pump and Dump

Crypto sleuth ZachXBT has called out influencer Ansem for shilling pump and dump cryptocurrencies.

HBO’s Satoshi Expose

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.

What Is Pump and Dump?

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

Examples

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.

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