Crypto Pump And Dumps Aim Small Amid Speculative Trading Frenzy

The retail trading frenzy that drove up shares of GameStop Corp. and AMC Entertainment Holdings, Inc. has again spilled over into digital assets as prices on little-known alt coins surge.

“You have a whole new population of people coming in who are primed to participate in pump and dump who maybe wouldn’t have previously,” said Tyler Moore, a professor at the University of Tulsawho co-wrote a peer-reviewed paper ‘An Examination of the Cryptocurrency Pump and Dump Ecosystem’ that looked at more than 3,400 schemes hatched in 2018.

He says all indicators are that it’s happening again in the cryptocurrency ...