What drives cryptocurrency pump and dump schemes: Coin versus market factors?
<p>This paper investigates both coin-specific and market-based factors that drive cryptocurrency pump-and-dump schemes. It analyzes a data set comprising 1457 pump events that occurred from January 3, 2018, to January 2, 2022. Empirical findings, derived from binary cross-sectional regression...
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| مؤلفون آخرون: | |
| منشور في: |
2024
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| الموضوعات: | |
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إضافة وسم
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| _version_ | 1864513556469252096 |
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| author | Lanouar Charfeddine (10705000) |
| author2 | Ahmed Mahrous (10651691) |
| author2_role | author |
| author_facet | Lanouar Charfeddine (10705000) Ahmed Mahrous (10651691) |
| author_role | author |
| dc.creator.none.fl_str_mv | Lanouar Charfeddine (10705000) Ahmed Mahrous (10651691) |
| dc.date.none.fl_str_mv | 2024-08-19T12:00:00Z |
| dc.identifier.none.fl_str_mv | 10.1016/j.frl.2024.105861 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/What_drives_cryptocurrency_pump_and_dump_schemes_Coin_versus_market_factors_/27101668 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Commerce, management, tourism and services Banking, finance and investment Economics Applied economics Market manipulation Cryptocurrency Pump-and-dump Coin factors Market factors COVID-19 |
| dc.title.none.fl_str_mv | What drives cryptocurrency pump and dump schemes: Coin versus market factors? |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p>This paper investigates both coin-specific and market-based factors that drive cryptocurrency pump-and-dump schemes. It analyzes a data set comprising 1457 pump events that occurred from January 3, 2018, to January 2, 2022. Empirical findings, derived from binary cross-sectional regression models, reveal several characteristics that increase the likelihood of cryptocurrencies being pumped. These include lower market capitalization, lower trading volume, greater social media popularity, increased developer activity, and fewer exchanges trading them. Furthermore, the study employs count time-series models to examine market-based factors. The results indicate that periods of higher volatility or uncertainty are associated with an increase in pre-announced pump-and-dump activities. Additionally, the analysis shows that macroeconomic factors and specific time-related effects – such as Sundays, certain months, and the COVID-19 period – are significant in explaining the frequency of pump occurrences. Based on these findings, the article discusses several targeted recommendations.</p><h2>Other Information</h2> <p> Published in: Finance Research Letters<br> License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.frl.2024.105861" target="_blank">https://dx.doi.org/10.1016/j.frl.2024.105861</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_ec08da7e0b36406aa96a321529b45a1c |
| identifier_str_mv | 10.1016/j.frl.2024.105861 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/27101668 |
| publishDate | 2024 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | What drives cryptocurrency pump and dump schemes: Coin versus market factors?Lanouar Charfeddine (10705000)Ahmed Mahrous (10651691)Commerce, management, tourism and servicesBanking, finance and investmentEconomicsApplied economicsMarket manipulationCryptocurrencyPump-and-dumpCoin factorsMarket factorsCOVID-19<p>This paper investigates both coin-specific and market-based factors that drive cryptocurrency pump-and-dump schemes. It analyzes a data set comprising 1457 pump events that occurred from January 3, 2018, to January 2, 2022. Empirical findings, derived from binary cross-sectional regression models, reveal several characteristics that increase the likelihood of cryptocurrencies being pumped. These include lower market capitalization, lower trading volume, greater social media popularity, increased developer activity, and fewer exchanges trading them. Furthermore, the study employs count time-series models to examine market-based factors. The results indicate that periods of higher volatility or uncertainty are associated with an increase in pre-announced pump-and-dump activities. Additionally, the analysis shows that macroeconomic factors and specific time-related effects – such as Sundays, certain months, and the COVID-19 period – are significant in explaining the frequency of pump occurrences. Based on these findings, the article discusses several targeted recommendations.</p><h2>Other Information</h2> <p> Published in: Finance Research Letters<br> License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.frl.2024.105861" target="_blank">https://dx.doi.org/10.1016/j.frl.2024.105861</a></p>2024-08-19T12:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1016/j.frl.2024.105861https://figshare.com/articles/journal_contribution/What_drives_cryptocurrency_pump_and_dump_schemes_Coin_versus_market_factors_/27101668CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/271016682024-08-19T12:00:00Z |
| spellingShingle | What drives cryptocurrency pump and dump schemes: Coin versus market factors? Lanouar Charfeddine (10705000) Commerce, management, tourism and services Banking, finance and investment Economics Applied economics Market manipulation Cryptocurrency Pump-and-dump Coin factors Market factors COVID-19 |
| status_str | publishedVersion |
| title | What drives cryptocurrency pump and dump schemes: Coin versus market factors? |
| title_full | What drives cryptocurrency pump and dump schemes: Coin versus market factors? |
| title_fullStr | What drives cryptocurrency pump and dump schemes: Coin versus market factors? |
| title_full_unstemmed | What drives cryptocurrency pump and dump schemes: Coin versus market factors? |
| title_short | What drives cryptocurrency pump and dump schemes: Coin versus market factors? |
| title_sort | What drives cryptocurrency pump and dump schemes: Coin versus market factors? |
| topic | Commerce, management, tourism and services Banking, finance and investment Economics Applied economics Market manipulation Cryptocurrency Pump-and-dump Coin factors Market factors COVID-19 |