💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Free Coin (FREE) Raises Red Flags amid Pump

Published 11/08/2018, 05:23 AM
Updated 11/08/2018, 06:40 AM
© Reuters.   Free Coin (FREE) Raises Red Flags amid Pump

Free Coin (FREE) managed a spectacular pump on relatively small volumes, exploding on November 5 from $0.000003 to $0.000021 and rising more than 700% in the past seven days.

This new arrival on the crypto scene has barely a month of trading. The current pump is happening on 24-hour volumes of less than $5,000.

FREE is up 44% in the past day alone and is also extremely volatile. The pump is concentrated on Mercatox, where the final price is set by a trading anomaly. The extremely thin FREE/BTC market, with a volume of just $87, bid the asset up to $0.000065.

FREE was another relatively unknown coin until the pump almost pushed it into the top 100 of digital assets. This Ethereum-based token is owned by 4,533 addresses, with more than 70% of the supply held by Top 10 addresse...


This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.