The YoBit exchange announced a few minutes ago on its Twitter page that in the next 22 hours they will pump 10 random cryptocurrencies to raise the price in an artificial and controlled way.
YoBit Pump in 22 hrs: https://t.co/RIbW7OhKzM
We will buy one random coin for 1 btc every 1-2 mins 10 times (total buy amount – 10 btc).
— Yobit.Net (@YobitExchange) October 10, 2018
To check how much time is left to the pump, Yobit has also set up a page with a countdown: currently, there are only 5 hours left.
The Russian exchange founded in 2015 certainly decided an unorthodox initiative and often also very contested by crypto fans. The community, in fact, has not been slow to comment on the news, also tagging the SEC.
Yobit is not new to this kind of move: in November 2017, a Business Insider investigator had already revealed that on YoBit there were many pumps and dumps thanks to a Telegram channel where users decided which tokens to manipulate.