YouTuber accused of engineering multi-million pump n dump via Uniswap
The YouTuber denied accusations he has rug-pulled on his followers while asserting that Million token is a “social project” that “should not be considered an investment.” An ex-Google tech lead and YouTuber with more than 1.1 million subscribers has been accused of engineering a multi-million dollar “pump and dump” scheme.Patrick Shyu, known pseudonymously as TechLead on YouTube, launched the Million token (MM) via Initial Dex Offering (IDO) on leading decentralized exchange Uniswap on July 1. The project’s website describes Million as a pre-mined cryptocurrency with a fixed supply of one....
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After an evening of perusing the internets a post on reddit stuck out to me. “Bitcoin is being manipulated like other alt-coins” . The writer, mitchr4, goes on to explain that he is or has been an alt-coin trader for a while and has seen certain pump-and-dump patters emerge in the alt-coin industry. mitchr4 goes on draw parallels between the recent price spikes and downturns in the bitcoin market and the pump-and-dump nature of altcoins. mitchr4 goes on to explain how the pump and dump scheme works in bitcoin….
Bitcoin price has been stuck trading within a small symmetrical triangle. These continuation patterns tend to suggest another equal sized move down is coming. However, a sweep of lows would “perfect” a buy setup that could initiate a pump and dump fractal from years ago. The pump and dump would be designed to further confuse […]
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