This pump and dump group was established early in the crypto days and is still fully operating now. Their main goal is to identify low market cap cryptocurrencies that they’re able to shill on social media with the goal of driving up the price at a fast pace after accumulating the bottom theirselves. How do they do that?
1) They identify low liquidity cryptocurrencies with criterias for shilling potential and use bots to accumulate at the lowest possible price. The low liquidity is necessary for exponential pumps.
2) Create numerous copy-pastas and image files that they will use relentlessy to spam for months
3) They figure out the roadmap for the next months to try to identify possible announcements (signal to go all in with the spam). The fundamental value of the announcements are typically blown out of proportion to seem like huge deals, even though most of the times they’re not. For that, they will create extra 20-30 accounts to seem like it’s organic excitement by early adopters.
4) When coordinated spam efforts start to gain heights, they will go on TG and discord groups begging people to keep holding and market buying. If they realize there are no more announcements in the horizon, they will start planning the dump. For that, they’ll go to TG and discord groups telling people to keep holding, even though the price is dropping fast. A typical way to do that is telling things like „weak hands are getting shaken out“, „sellers deserve to stay poor“ etc.
Currently they are actively working on: RSR, COTI, OCEAN, LCX
Most well known satsGang members and their alt accounts are: Bitcoin Brown, Lucky, Headroom, _RN03xx_, Denny Da Rocket, papousse 47, Moonshot Josh, Steven Toast, Le Chiffre Rambo, Bazerka, FauxPho, Adouble212, Johny Zcash, Rufys, Tyler Durden, vito, Braggo, Jonny Reid, Bread Bongo, Johnny etc., but there are hundreds more.
Nowadays they hang out in public TG groups like
t.me/SPECTREGRP_CHAT
t.me/bag_hunters
