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5 Memcoins Face Pump and Dump Events

5 Memcoins Face Pump and Dump Events

HappyCoinNewsHappyCoinNews2024/10/24 18:01
By:HappyCoinNews

An expert under the nickname Danny Crypton analyzed the actions of cryptocurrency wallet holders who were behind the high-profile coin pumps and compiled a list of 5 memecoins that are at risk of a pump and dump.

5 Memcoins Face Pump and Dump Events image 0

The first on the list, the analyst identified the FIJI memecoin from the artificial intelligence (AI) sector, created by the WPCERC20 team. Today, its market capitalization is more than $3 million, and as part of the project, the creators also presented a collection to clients NFT on the platform opensea , the trading volume of which reached 635 Ethereum (ETH).

The second spot on the expert's list is occupied by FUN, a memecoin that has a bot for making trades; its market capitalization is currently equal to almost $7 million.

The analyst stated that another memecoin ORANGE could also become a victim of manipulators, as its trading volume on exchanges has increased significantly over the past few days, as has its capitalization.

The fourth place on the list goes to WMM, a historically themed memecoin. Despite the fact that the coin appeared only a day ago, its capitalization has exceeded $5,5 million, and the community is very active.

The last place was taken by the memecoin JIM, which also demonstrated a significant trading volume and attracted increased attention from investors, due to which its capitalization exceeded the $2,4 million mark.

According to the expert, it is the above-mentioned coins that may be at risk of the so-called pump and dump scheme, which involves creating the illusion of active trading to attract new funds, and then a quick sale to make a profit for only a small part of investors.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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