Telegram Scam Solana Meme Coin Pump Channels : MemeCoin Whale Pumps

[ScamHunt]

Multiple telegram channels pretend to be pump channels for meme coins on Solana.
These channels are crooks that orchestrate their actions in a way to scam the followers of their channels.

The game goes like this:
The channel have VIP access, those who pay to get the token 1h before the others. Then there are the rest of the channel followers.
step 1- The channel owner posts the announces to the VIP at the exact moment he is placing the order, giving him few seconds before anyone else, thus pay the least for the token.
step 2- The Vip members buy in big amounts, only to have the channel owner dump on them the tokens he bought before anyone else. Then some VIP members either try to take profit or reduce losses, dump on the others, still stupidly buying.
step 3- After an hour they announce the token to the channel, the channel followers ape into the token, and allow the VIP to dump the tokens on them.



Recap:
- Channel subscribers that are not VIP always lose money, there is no way to make money no matter how fast you are (even with bot trading).
- VIP subscribers, most of them lose money most of the time, with randomly on rare occasions breaking even or even making profits.
- Channel Owner: Always making money in this scam system that feed on traders get rich quick greed.


examples:

Announcement done on the channel: 16:00 UTC



The 2 pumps at 15:00UTC for VIP (the dex screener is UTC+2 > thus  17:00UTC ) and 16:00 UTC for the rest (the dex screener is UTC+2 > thus  18:00UTC)
As you can see, the second pump can not even be called a pump, as all the vip dump trying to recoup loss or make some small profit.
It's a joke by all standards.




After the round is played, the channel posts that they made 40-45x profit, in other words the channel owner did, and the rest paid for his 45x
He will cut the parts of the chart as he sees fit, to pretend that others are making money too.

[hugeblack]

VIP members lose twice, the first in the subscription price and the second when the token price is corrected. Participants in these channels also believe that they are smart and that they will steal other people’s money, but in reality they are part of those whose money will be stolen.


If a limited number of small traders are able to influence the price of the currency, it is better not to buy it.


+1

[bitterguy28]

This only proves something, that there are still more stupid and greed people that becomes the victims of these kind of bait,
and also telegram? aren't we tired of listening to how many scams happened in that social media platform?

if those people believe that there are pump channels then they are also  deserving to be a victim.

[albon]

This type of cheating trap is very old but it is now proven that there are many stupid people who fall prey to this type of trap.
Moreover, most victims of scamming are found from telegram and twitter. Because new members who want to know crypto are more present here. Besides the tempting offer that comes from the scamming plan is easily accepted by the new members due to which they become victims of scamming article.