Some unusual transactions have caught the attention of crypto investors on the Bybit exchange. The SERAPH perpetual futures market reportedly experienced significant pump and dump activity.
Similar manipulative price movements are reportedly seen in other perpetual contracts on Bybit. The same “pump and dump” pattern was observed, particularly in the RFC and GROK contracts.
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The market values of the affected tokens are as follows:
- •SERAPH: $81 million
- •RFC: $25 million
- •GROK: $7 million
*This is not investment advice.