I’d like to keep a record of pump and dump scams to educate the masses that crypto is not the holy grail of profits and easy money, and that scammers DO exist to steal your money.
The first entry: WebDollar (WEBD)
This week, it jumped in price from $0.0003711 to $0.6121, a gain of over 164,842%. Within 48 hours, it’s valuation crashed 99%.
99% of all trading activity came from a single exchange, based out of the UK. But the ownership details are suspect.