Crypto NewsAltcoinWatch Out: Some Altcoins in the Market Are Currently Experiencing Major and...

Watch Out: Some Altcoins in the Market Are Currently Experiencing Major and Sudden Pump-and-Dump Schemes

The large pumps and dumps experienced in the futures market of some small-cap altcoins are attracting attention.

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Some unusual transactions have caught the attention of crypto investors on the Bybit exchange. The SERAPH perpetual futures market reportedly experienced significant pump and dump activity.

Similar manipulative price movements are reportedly seen in other perpetual contracts on Bybit. The same “pump and dump” pattern was observed, particularly in the RFC and GROK contracts.

RFC tokeninde yaşanan ani yükseliş ve düşüş.
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The sudden rise and fall of the SERAPH token.

The market values of the affected tokens are as follows:

  • SERAPH: $81 million
  • RFC: $25 million
  • GROK: $7 million

*This is not investment advice.

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