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Showing posts with the label pump and dump

Bitcoin sees massive pump and dump in 24 hours, around $100k mark

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Bitcoin (BTC) finally crossed the long-awaited $100,000 mark on December 5, only to quickly lose it in a 24-hour “pump and dump.” The price action has moved hundreds of billions of dollars up and down within a day, liquidating nearly $500 million. In a remarkable show of volatility, Bitcoin pumped from $98,100 to $104,100, dumped to $91,950 and pumped again above $98,000 – all in 24 hours. From the new all-time high (ATH) to the pump-and-dump local bottom, BTC moved approximately $240 billion in market cap. As of this writing, the leading cryptocurrency trades at $98,296, returning to its consolidation range before the action. Picks for you Bernstein names this Bitcoin-related stock as its best idea for 2025 15 mins ago Creditcoin, Spaceco...

Opinion: Roaring Kitty looks to have returned as a pump-and-dumper

There was something different about the way that Keith Gill (aka RoaringKitty on YouTube or DeepFuckingValue on Reddit) used to shill GameStop. He’d do in-depth, long, and extensive live streams and videos sharing his thesis, always instructed that people should reflect on their personal financial situation before buying or selling shares, and generally told followers to take profit when they wanted to. Gill was also quite active on YouTube and Reddit, where he’d show his own portfolio so people knew whether or not he was adding to or subtracting from positions. But since he’s return ed from his Social Media hiatus, which started with a meme about AMC stock that well-known pump and dumper Zack Morris had used a few days before, the public has witnessed a huge departure from this approach. This time, Roaring Kitty isn’t sharing his theses or his portfolio positions, nor is he explaining why he likes certain stocks or live streaming for five hours at a time. Inste...