New year started with lot of Crypto excitement. It will be much more different year for Crypto futures as new investors enter into this Market.
But they should educate themselves on pump and dump schemes from big players, big whales, else they will loose lot of their fortune and end up holding lot of coins with no good value.
So just for educational purpose, here is classic pump and dump happened at start of this year.
Check out following Tron’s Token graph, Tron’s pump started with new year, where price per Token went from $0.047 (jan 1st 2018) to $0.27 (Jan 5th 2018) .. this is classic pump and where price of the coin is manipulated a lot on different exchanges. Then started the dump, where big investors dump the token at high price and then retail investors ended up holding bag for them. And then next few days, TRON’s value came tumbling down to $0.69 (Jan 15th 2018).
Many would argue that, this happened to lot of Alt coins and TRON is not exception, But if you study above graph carefully along with Market, Volume and Historic data available on Coinmarketcap, you will understand that value of token was clearly manipulated by big whales.