Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
The Chump Coin Pump and Dumpers
Last edited Fri Feb 28, 2025, 01:44 PM - Edit history (11)
I have been watching the ticker of the Chump coin and well, it turns out... someone is manipulating the shit out of that coin.
Hehehehe.... anyone know anything about crypto investing?
Well, here's a quick little lesson about crypto that you learn real quick. As goes Bitcoin, so goes your coin.
What does that mean? It means that since BTC is tied to most crypto, when BTC tanks, so does most crypto. Watch it... you can see it. But it's not one for one tracking but you learn real quick, when your coin tanks, look at BTC and you'll see why. Now, chasing BTC pricing in other coins is a certain way to lose your ass but keeping an eye on BTC and Eth are just what you do. Anyway.... that's what I've learned from trading crypto...
But as I'm watching the Chump coin... it's looking like someone is keeping that coin unnaturally and oddly tied to BTC. They're also putting in cash at odd times. I'm not certain who they hired to pump all this money into the coin but they need to watch how they track with BTC or smart and savvy crypto traders can just steal them blind.
If an attacker were to target someone who’s artificially propping up a crypto asset, here’s how they might exploit the situation:
1. Market Manipulation and Triggering a Panic:
By knowing that the asset’s price is being held up by large, non-organic cash infusions, an attacker (or a group of manipulators) could start selling aggressively or coordinate a short attack. This flood of sell orders can create panic, forcing the price to plummet. Since the investor’s position is inflated, a sharp drop means huge paper losses—even if he doesn’t withdraw his funds immediately.
2. Spreading Misinformation:
An attacker could use social engineering tactics, such as spreading negative rumors or false news about the project. Given that the asset’s value is artificially high, any credible negative signal might cause other market participants to lose confidence. The resulting mass sell-off would accelerate the drop in price, further hurting his position.
3. Exploiting Liquidity Issues:
If the pumped asset isn’t supported by genuine market demand, liquidity can dry up quickly during a downturn. An attacker might exploit this by placing large orders that the market can’t absorb, leading to a rapid collapse in the asset’s value. With low liquidity, even moderate selling pressure could trigger a cascading effect of forced sales.
4. Technical Security Breaches:
While the market manipulation aspects are the primary concern, there’s also a risk on the technical side. If the investor’s crypto holdings are stored in wallets or on exchanges with vulnerabilities, a hacker could target those weak points to steal funds. Though this isn’t directly tied to the price manipulation, it compounds the overall risk associated with the strategy.
In summary:
An attacker could leverage the unstable, artificially inflated market conditions by triggering a panic sell-off through coordinated short attacks, misinformation campaigns, or liquidity manipulation. Even if the investor plans to hold his position, these tactics can force a rapid devaluation of the asset, ultimately resulting in significant losses. This demonstrates why propping up a crypto asset with large sums at the wrong time is not only risky from a market perspective, but also exposes one to potential external attacks.
So how do we use this to our advantage? Track the differential between the Chump coin and BTC and see how to exploit that catastrophic mistake. You can see by the way the Chump coin moves that one massive investor group is manipulating that coin... probably one of Dipshit's little trolls... Using AI probably... dumb fuck.
LOL
Anyway, could be nothing... or it could be a way to get rich off an idiot.
(A cursory guess is they're doing repeated pump and dumps off the BTC price. And they're not being clever about it. Seems like a real good opportunity)
One constructive approach is to present clear, data-driven examples and historical cases that illustrate the typical downfall of pump and dump schemes. For example, you could compile information on past cases—like the collapse of certain crypto projects or securities that were manipulated—which ultimately led to regulatory intervention, market crashes, and heavy losses for those involved. Here are a few ideas:
1. Historical Case Studies:
Research well-documented pump and dump events in crypto or traditional markets. Outline how prices were artificially inflated and then crashed once the scheme unraveled. Data and timelines from these cases can serve as a cautionary tale.
2. Regulatory Actions:
Explain how regulatory bodies (such as the SEC in the U.S. or equivalent agencies elsewhere) have increased their scrutiny of market manipulation. Show news articles or official statements detailing investigations or penalties imposed on similar schemes. This reinforces that no one is entirely immune from eventual legal consequences.
3. Simulated Scenarios:
Create or reference simulations that model market behavior when a pump and dump is detected. These might include charts showing rapid price increases followed by sharp declines, emphasizing that even dominant players can be caught in a sudden market reversal.
Now, the point isn't to manipulate the market ourselves. The point is...
When you know what the person is doing, you can anticipate his moves. Someone is manipulating the shit out the Chump coin and that someone needs to learn a real hard lesson.
Your concerns about your friend's involvement in the $TRUMP meme coin are well-founded. The recent history of this cryptocurrency provides a clear example of how market manipulation can lead to significant financial losses, even for those who believe they are in control.
Case Study: $TRUMP Meme Coin
- Launch and Initial Surge: The $TRUMP coin was launched on January 17, 2025, just days before President Donald Trump's inauguration. The coin's value skyrocketed from an initial price of $7 to a peak of $75.35 within two days, driven by intense speculation and hype.
- Rapid Decline: Following the launch of a similar token, $MELANIA, by First Lady Melania Trump, the $TRUMP coin's value plummeted by 38%. This sudden influx of related tokens led to market oversaturation and eroded investor confidence.
- Investor Losses: Analyses revealed that while a few insiders profited significantly—pocketing nearly $100 million in trading fees—the vast majority of investors suffered substantial losses. Over 813,000 wallets experienced a collective loss of approximately $2 billion.
- Market Manipulation Allegations: The timing of large transactions by certain insiders raised suspicions of a pump-and-dump scheme. For instance, one trader purchased over $1 million worth of $TRUMP coins just hours before the official announcement, selling them shortly after for a massive profit.
Implications for Your Friend (He's not my friend)
Even as a major player, your friend is not immune to the volatile dynamics of such schemes. Market manipulation can attract regulatory scrutiny, lead to legal consequences, and result in significant financial losses. The $TRUMP coin scenario exemplifies how quickly fortunes can reverse, leaving even prominent investors vulnerable.
Encouraging your friend to consider these events may help illustrate the inherent risks of engaging in or orchestrating pump-and-dump strategies, especially in the unpredictable crypto market.
So if I had to guess... whoever it is... they're using BTC on the 15 minute as a buy trigger and 30 minute candle as a sell trigger. When the MACD's indicates a downward trend, they sell and when it indicates a reversal, they buy. It also appears to be several groups of investors working together as the volume stays consistent across different trading platforms. Meaning they have an Arbitrage scheme cooking too, I bet. That's how you can find out who they are as they have to hide the money somewhere when they dump. Are they putting it into stable coins or do they have another set of coins they agree to prop up while the Chump coin goes down?
One other thing to be mindful of... If this pattern holds then if there's a deviation from the pattern, we know there's some other influence that is changing the pattern. If the people who are manipulating the crypto have inside information on events impacting the U.S. economy, they may also pull their stake out prematurely. WE can then use that correlation to determine if they have this inside information.
Here's the theory, if the people who are manipulating the market are members of the administration, they would know when the U.S. was going to have a fluctuation before hand and would make decisions on when to buy or sell their Chump coins. Not only does BTC have a major impact on all crypto, the U.S. dollar is even more impactful. So if we can see them dodging blows... we know they're accessing government data for personal use.
This also means WE can also use that as a heads up for impending events and make our own portfolio adjustments accordingly. If the Chumps are going to send signals in their Crypto trades, might be a good idea to keep an eye out.
7 replies
= new reply since forum marked as read
= new reply since forum marked as read
