it's possible, they increase the price by increasing the numbers of buyers at that time. They did that by attracting more people running in millions in the exchange at once thereby pumping the price at once, they will take their profit at that peak and leave other in that pitiful situation
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I think this is it. This is just it, they run promo adverts, engage influencers to advertise the project making it look real, genuine and when people see that their influencers are part of the project they rush to invest without knowing that it was already time for the crypto project owners to strike. They pull their profits out and leave to go open up another one to scam people more.
Nice take.
that's exactly what they do