Viral Altcoin Pumps and Dumps, PEPE Stays Green Amid the Market Sell-Оff: Bits Recap October 30

Here's everything most interesting surrounding Q, PEPE, and Binance. The cryptocurrency market saw major volatility over the past week, with one altcoin hitting a brief record high before dropping sharply. The frog-themed meme coin PEPE also grabbed headlines, posting strong gains despite the broader market downturn, but the spotlight eventually shifted to Binance. The biggest crypto exchange suffered a $6.3 billion hack, undermining the digital asset sector’s reputation and sparking panic across the community. Prior to that, the company said it would delist numerous trading pairs. Q’s Pump and Dump Earlier this week, Quack AI (Q) suddenly exploded to a new all-time high of $0.24, while its market capitalization surged to nearly $1 billion, making it one of the top 100 biggest cryptocurrencies. Nonetheless, the token quickly gave up its gains, collapsing back to around $0.06 and nearly returning to its pre-rally level. While it remained unclear what triggered the classic “pump-and-dump” move, some savvy traders took advantage of the price action, sparking speculation that they had inside information. Trader 0xF1fE profited almost $1 million mainly by opening long positions on Q as ...