On the night of November 5, the price of an unknown coin, ParallelCoin, jumped thousands of times in a matter of hours — from $1.60 to over $2,200.
</p>Users have already been warned about the dangers of Pump & Dump and urged not to buy the asset.
</p>The price of the token also quickly returned to the level of $ 2.
About the role of Pump & Read the dump in the manipulation of the cryptocurrency market at the link:
Overblown volumes, listing fees, and manipulation: how little-known bitcoin exchanges end up in CoinMarketCap top
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