News with the tag "pump and dump"

Dave Portnoy, the outspoken crypto investor, creator, and founder of Barstool Sports, has been a center of controversy for days now. The reason behind this is his risky financial moves and strategies, where he believes in making a profit, even at the cost of others’ losses. With this mindset and all...

A single endorsement from Argentina’s president, Javier Milei, made the Libra token the highlight of the crypto market, but the price soon plummeted 90%. Interestingly, a series of events changed this crypto token from trending to a scam after the insiders entered the market, cashing out $107M. This...

The once-flying Trump meme coin has crashed, costing investors billions of dollars. The so-called “Official Trump” coin, which once shot up to $75 per token, is currently only worth $16.00. According to grapevines, US President Donald Trump and his friends got away with a fortune, while regular trad...

The woes for Pump.fun, the platform that allows the launch of meme coins on Solana, keep piling. A second lawsuit has been filed against the platform, claiming it engages in fraudulent activities and violated US securities laws. This development joins the list of growing scrutiny against meme coin p...

The Donald and Melania Trump-backed memecoins that launched over the weekend have amassed a combined value of over $15 billion.

South Korea has cracked down on a pump-and-dump scheme, accusing a suspect of rapid price manipulation under the country’s new crypto regulatory framework. New Crypto Law in Action: Suspect Accused of Rapid Price Manipulation South Korea’s Financial Services Commission (FSC) and Financial Supervisor...

A memecoin bearing Hailey Welch’s likeness rose to a market capitalization of roughly $500 million after its launch on Dec. 4 before dropping by 90%.

Internet personality Haliey Welch, herself of meme fame, is facing backlash and serious accusations after the implosion of her HAWK memecoin. According to a report from the BBC, the Talk Tuah host’s Solana ( SOL )-based memecoin HAWK lost more than 95% of its value within hours after launch, prompti...

Hashed co-founder Ryan Sungho Kim spoke to Cointelegraph at India Blockchain Weeks about the effect of the attention economy on memecoins.

The crypto community’s financial literacy rate is estimated at 25%, lagging the financial literacy average in the United States by half, according to a new report.