Storeum (STO) Shows Crypto Market Not Beyond Pump-and-Dump Activity By Cryptovest

Storeum (STO) pulled a most spectacular pump as the markets recovered on Tuesday. STO showed unusual price action that was deemed inorganic, climbing by more than 9,000 percent since last week. Such pumps are typical of lesser-known coins which aim to gain visibility.

The asset went through two bouts of rapid appreciation, gaining 300% per day easily. STO currently trades at $2.26, and lined up among the top 30 of assets.

The price of STO at $2.26 is a wild anomaly based on a single exchange with a volume of $23,000. The asset otherwise trades thinly at $0.001 on EthFlyer. But the ExtStock exchange pump boosted the coin to an exorbitant leve…

This article appeared first on Cryptovest

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