Bytecoin [BCN] back in the game with a mysterious double digit rise – Another pump and dump to happen?
Bytecoin [BCN], the most controversial coin because of its recent huge pump and dump incident in the market after being enlisted on Binance, is back in the game and has seen a double-digit rise in the past 24 hours. The coin has gone up by more than 27% in the past 24 hours and more than 74% in the past 7 days according to CoinMarketCap.
The previous time the coin showed such a remarkable rise, it ended up frozen on all the platforms. Investors and traders were unable to withdraw their BCN on any of the platforms and even CoinMarketCap had no data regarding the coin; it went straight from the 15th rank to the 1594th rank.
Following which, the Bytecoin [BCN] team announced that they were forced to shut down the activities as 25% of the miners were using the outdated software to mine the coin which eventually led a bug to enter the system.
Bytecoin [BCN] became the centre of controversies because of the error. Most of the people started to claim that coin was a scam and all the big exchange platforms helped the Bytecoin [BCN] team to pull off the most successful scam as well.
Irrespective of all this, the coin has emerged as an unexpected winner in the market. Bytecoin [BCN] is currently trading at $0.012 with a market cap of $2 billion and is on the 16th rank on CoinMarketCap.
Most of the market speculators have started to speculate that there might be another huge pump and dump that might be on the way as the coin is seeing a mysterious hike yet again.
Crypto Bambii, a crypto-investor says:
“Holy F**k Bytecoin is about to blow…. AGAIN!!!!
TZ, a developer says:
“Why BCN suddenly has such big volume and big market cap? My guess, the whale who pumped it to the top in binance has made a lot of BTC, but still has tons of BCN, so now he is using his BTC to pump it again in order to sell all his BCN. So scared. I am not in it, never.”
Insightone, a Redditor says:
“Ha ha don’t be silly. Why don’t you just call it what it is. (A organized pump n dump), only this time by some big ass whales… due to 183Billion coins it takes a ton of volume to move this thing even 30-40 sats”
Arnoud, another Redditor says:
“This is manipulation WASH TRADING.. i see this computer algorhytmn sending 10-100btc over and over, this creates fake volume.. its corrupt and evil. These bytecoin crew members should go jailed so should the binance crew. newbies lost MUCH money because of this, its painfull and sad to see this going on.”
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