Several unusual trades have attracted the attention of crypto investors on the Bybit exchange. Significant pump-and-dump activity has reportedly occurred in the SERAPH perpetual futures market.
Similar manipulative price movements are reportedly seen in other perpetual contracts on Bybit. The same “pump and dump” pattern was observed especially in RFC and GROK contracts.
The sudden rise and fall of RFC tokens.
Sudden rise and fall of SERAPH token.
The market prices of the affected tokens are as follows:
- Seraph: $81 million
- RFC: $25 million
- GROK: $7 million
*This is not investment advice.
