The little-known ALLBI token skyrocketed 41,000% after being listed on the exchange.
The P2pb2b exchange announced the addition of ALLBI support on December 11th. In a matter of hours, the price of the token shot up, increasing its capitalization from $4 thousand to $1.4 million.
According to coinmarketcap.com, ALLBI now occupies the 1037th line of the rating, and previously the maximum volume of coin sales was $ 500.
ALLBI himself – this is the native token of the ALL BEST ICO.com project, which helps to create your own cryptocurrency (ICO) and tools for its successful implementation.
Such a rapid jump in price may be the result of a “Pump&Dump” scheme. Insignificant sales volumes and low liquidity of the exchange order book paired with ALLBI provide scope for manipulation.
Crypto exchange P2pb2b has a daily trading volumeUSD 397,544,154.93 (20,510.86 BTC). This exchange supports 51 cryptocurrencies and 80 market trading pairs. According to the analysis of website traffic by Alexa, it has a ranking of 19527 in the world, and the most popular in India.
Similar suspicions about large-scale manipulations onDeFi market, the Tendies token alone has been tracked about forty times. Using an instant loan, hackers borrowed large sums of Ethereum from dYdX and pumped up the price of the asset.
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