Walmart Fake News generates a Billion Dollar Pump and Dump
The entire crypto market pumped when news broke out, that Walmart inked a partnership deal with Litecoin. The story was quickly picked up by major news outlets, including Reuters and CNBC. This triggered a marketwide reaction, and most cryptocurrencies pumped tremendously in a matter of minutes. Bitcoin touched $47K, and Litecoin – the hero in the fake story touched $240. Minutes later, though, speculations ran rampant that the story is fake, and it didn’t take long for LTC to plunge to it's original levels.
