Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    Here’s why Bitcoin, altcoins, and the stock market continued falling on Friday

    April 4, 2025

    Dogecoin surges 10% as this new altcoin shakes the market, and preps for stage 2 presale

    November 23, 2024

    US credit card interest rates surge to record-breaking highs of 23.4% in August

    October 9, 2024
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      Will Pi crash or rally in 2025?

      July 11, 2025

      July’s Rate Cut Dreams Fade: Fed Seen Holding Firm as Trump Fumes

      July 10, 2025

      UAE Rejects $100K Crypto Visa Program as TON’s Staking Plan Triggers Regulatory Backlash

      July 8, 2025

      Digital trade tensions take center stage between the U.S. and South Korea

      July 7, 2025

      Traders Gear Up: FOMC Prep Signals Bitcoin, Altcoin Buying Frenzy

      July 6, 2025
    • Technology

      SUI Price Targets Breakout as Macro Triangle Pattern Tightens and TVL Tops $2B

      July 11, 2025

      Coinbase partners with Perplexity to unlock real-time crypto data for traders

      July 10, 2025

      Comment on Bitcoin Surges to $110K as Selling Pressure Declines; Is BTC Charting its Way to a New ATH Soon? by Bitcoin Price Prediction: BTC to Hit $145.1K by Year-End and More

      July 9, 2025

      CleanSpark Doubles Bitcoin Mining Power After Georgia Expansion

      July 8, 2025

      Dogecoin price double bottoms as whale accumulation continues

      July 7, 2025
    • Learn/Guide

      Best Crypto PR Agencies of 2025

      July 11, 2025

      Coinbase, Perplexity AI join forces to enhance crypto data access for traders

      July 10, 2025

      Top perps DEX GMX hacked for over $40m, $GMX token plunges

      July 9, 2025

      Cardano Foundation unveils blockchain-based tool to simplify audit compliance and enhance financial reporting

      July 8, 2025

      Plume Network brings real-world yield to TRON’s global payment ecosystem via SkyLink integration

      July 7, 2025
    • NFTs

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025

      Daizen: Elevating the NFT Multiverse on Apechain Blockchain | NFT CULTURE | NFT News | Web3 Culture

      December 5, 2024
    • Regulation

      SEC Drops Binance Lawsuit: How Regulatory Clarity Could Spark a BNB Price Rally

      May 30, 2025

      Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

      March 31, 2025

      Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

      February 23, 2025

      Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

      January 26, 2025

      MicroStrategy May Face Tax Issues Over $19 Billion Unrealized Bitcoin Gains: Report

      January 25, 2025
    • Business

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024

      Brazil Prepares to Let Tradfi Institutions Embrace Crypto

      November 13, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » CREAM price skyrockets 60%; pump and dump scheme?
    Technology

    CREAM price skyrockets 60%; pump and dump scheme?

    September 24, 20233 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    CREAM price skyrockets 60%; pump and dump scheme?
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Cream Finance’s native token, CREAM, has experienced a 60% price surge, making it the star of the weekend in the decentralized finance (defi) sector.

    Per data from CoinMarketCap, captured by blockchain analysts Lookonchain, the price of Cream Finance’s CREAM token surged by more than 60% on Sept. 23.

    CREAM price chart | Source: CoinMarketCap via Lookonchain

    According to Lookonchain, the token’s impressive rise is primarily credited to Jeffrey Huang, better known as Machi Big Brother, whose strategic maneuvers in the crypto market have been the subject of past controversies.

    Lookonchain’s assertions were corroborated by fellow on-chain data analysts, Spot On Chain, who produced an in-depth analysis of Cream Finance signals from the period in question. 

    According to them, between Sept. 23 and 24, a three-year Cream Finance staking contract was unstaked, releasing 241,415.5 CREAM tokens valued at around $4.27 million to 19 distinct addresses. Interestingly, this action occurred after the token price had already spiked by 73%, jumping from $11.87 to $20.56.

    Both analysis teams confirmed that Machi Big Brother was the main recipient of the unstaked CREAM tokens, acquiring 215,236, with a market value of approximately $3.8 million across two addresses. 

    Yet, instead of cashing out, he reportedly re-staked every token, with some suggesting the action indicated his optimistic long-term perspective on CREAM.

    However, other commentators like crypto educator Sumit Kapoor hinted at the whole operation being a potential pump-and-dump scheme. 

    According to him, CREAM’s 24-hour trading volume, nearly three times higher than its market cap, was a sign that the token was in the “blowoff stage” of a parabolic run, suggesting that whoever was behind the price pump was getting ready to dump their tokens.

    ????????????% ???????????????? ???????? ???? ???????????? ????????
     
    Sunday and small cap unusual pumps is a story made in heaven, and this time it’s the CREAM token.
     $CREAM token pumped more than 100% in the last 24 hours as @machibigbrother bought and withdrew 215,236 CREAM from #Cream.
     
    Currently, the… pic.twitter.com/D8bQzJ6EGl

    — Wise Advice By Sumit Kapoor (@sumitkapoor16) September 24, 2023

    Kapoor likened CREAM’s price action to several other low-cap tokens, including CyberConnect (CYBER), Perpetual Protocol (PERP), Tellor (TRB), and Hifi Finance (HIFI), that had followed similar trajectories in the last few weeks and days.

    ???? ???????????????????????????? ???????? ???????????? ???????????????????????????? ???????????????????????????? ????????
     
    In the past few weeks, there have been some parabolic runs in the #Crypto market.
     
    First it was CYBER, then #PERP, and recently we saw #TRB and HIFI mooning in a very short period of time.
     
    The real question is… pic.twitter.com/bCDI7XfGXX

    — Wise Advice By Sumit Kapoor (@sumitkapoor16) September 17, 2023

    Huang currently holds 326,072 CREAM tokens valued at about $7.43 million staked with Cream Finance.

    Meanwhile, the Spot On Chain analysis shows that 13 other addresses have deposited or sold 5,408.65 CREAM tokens, worth roughly $99,000, on Binance and Gate.io.


    Follow Us on Google News





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    SUI Price Targets Breakout as Macro Triangle Pattern Tightens and TVL Tops $2B

    July 11, 2025

    Coinbase partners with Perplexity to unlock real-time crypto data for traders

    July 10, 2025

    Comment on Bitcoin Surges to $110K as Selling Pressure Declines; Is BTC Charting its Way to a New ATH Soon? by Bitcoin Price Prediction: BTC to Hit $145.1K by Year-End and More

    July 9, 2025

    CleanSpark Doubles Bitcoin Mining Power After Georgia Expansion

    July 8, 2025
    Top Posts

    Earn Passive Income Cloud Mining With HappyMiner

    May 17, 2023

    Will Solana’s new patch revitalize its market value? insights into the May 27 update

    April 27, 2024

    Unlock Your Full Potential with CYNDICATE: Blockchain Evolution in Personal Development

    May 10, 2024

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    Will Pi crash or rally in 2025?

    July 11, 2025

    July’s Rate Cut Dreams Fade: Fed Seen Holding Firm as Trump Fumes

    July 10, 2025

    UAE Rejects $100K Crypto Visa Program as TON’s Staking Plan Triggers Regulatory Backlash

    July 8, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.