Cream Finance

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<p class="is-style-lead">Cream Finance’s native token, CREAM, has experienced a 60% price surge, making it the star of the weekend in the decentralized finance (defi) sector.</p> 
<p>Per <a href="https://coinmarketcap.com/currencies/cream-finance/" target="_blank" rel="noreferrer noopener">data</a> from CoinMarketCap, captured by blockchain analysts Lookonchain, the price of Cream Finance’s CREAM token surged by more than 60% on Sept. 23.</p> 
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 <img decoding="async" src="https://lh4.googleusercontent.com/VenXdaBM4d6Mi70Zq96ZGy4dBee6W-5Ps8X3nRk3laqThOsrNr2xwANPTLAbIVyT3S-qm1WdaDzdrBA2cduqtaW6RSf4x4XJ9joYefRbuFg3Zo61hcsbklRGAR7p7t7AhgwrqzzkZyHamGRexKuN0wc" alt="CREAM price skyrockets 60%; pump and dump scheme? - 9">
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  CREAM price chart | Source: CoinMarketCap via Lookonchain
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<p>According to Lookonchain, the token’s impressive rise is primarily credited to Jeffrey Huang, better known as Machi Big Brother, whose strategic maneuvers in the crypto market have been the subject of past <a href="https://crypto.news/machi-big-brothers-6b-pepe-token-purchase-causes-controversy/" target="_blank" rel="noreferrer noopener">controversies</a>.</p> 
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   <p lang="en" dir="ltr">The price of <a href="https://twitter.com/search?q=%24CREAM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$CREAM</a> surged by 60% today.<br><br>Machi Big Brother withdrew 215,236 <a href="https://twitter.com/search?q=%24CREAM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$CREAM</a> ($4.04M) from <a href="https://twitter.com/hashtag/Cream?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Cream</a>.<br><br>Instead of selling it right away, he chose to stake it once more.<br><br>It appears that <a href="https://twitter.com/machibigbrother?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@machibigbrother</a> holds a long-term bullish on <a href="https://twitter.com/search?q=%24CREAM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$CREAM</a>.<a href="https://t.co/yLS4TA1GkM" target="_blank">https://t.co/yLS4TA1GkM</a> <a href="https://t.co/FBBT1x1s3H" target="_blank">pic.twitter.com/FBBT1x1s3H</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1705774524426228093?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">September 24, 2023</a>
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<p>Lookonchain’s assertions were corroborated by fellow on-chain data analysts, Spot On Chain, who produced an in-depth <a href="https://platform.spotonchain.ai/signal-details/cream-finance-unstaked-cream-amid-price-surge-607" target="_blank" rel="noreferrer noopener">analysis</a> of Cream Finance signals from the period in question.&nbsp;</p> 
<p> You might also like: <a href="https://crypto.news/shiba-inu-price-goes-green-after-bearish-consolidation/"> Shiba Inu price goes green after bearish consolidation </a> </p> 
<p>According to them, between Sept. 23 and 24, a three-year Cream Finance staking contract was unstaked, releasing 241,415.5 CREAM tokens valued at around $4.27 million to 19 distinct addresses. Interestingly, this action occurred after the token price had already spiked by 73%, jumping from $11.87 to $20.56.</p> 
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   <p lang="en" dir="ltr">🚨 <a href="https://twitter.com/search?q=%24CREAM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$CREAM</a> price surged sharply up to 82% today!<a href="https://twitter.com/CreamdotFinance?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@CreamdotFinance</a> unstaked 241,415 <a href="https://twitter.com/search?q=%24CREAM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$CREAM</a> ($4.27M) to 19 addresses over the past 10 hours, right after the price surge, of which:<br>– <a href="https://twitter.com/machibigbrother?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@machibigbrother</a> received the most at 215,236 <a href="https://twitter.com/search?q=%24CREAM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$CREAM</a> ($3.8M) via 2 addresses and then staked all… <a href="https://t.co/xjYcKuN10T" target="_blank">pic.twitter.com/xjYcKuN10T</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1705771483300339920?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">September 24, 2023</a>
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<p>Both analysis teams confirmed that <a href="https://crypto.news/machi-big-brother-files-lawsuit-against-on-chain-sleuth-zachxbt/" target="_blank" rel="noreferrer noopener">Machi Big Brother</a> was the main recipient of the unstaked CREAM tokens, acquiring 215,236, with a market value of approximately $3.8 million across two addresses.&nbsp;</p> 
<p>Yet, instead of cashing out, he reportedly re-staked every token, with some suggesting the action indicated his optimistic long-term perspective on CREAM.</p> 
<p>However, other commentators like crypto educator Sumit Kapoor hinted at the whole operation being a potential pump-and-dump scheme.&nbsp;</p> 
<p>According to him, CREAM’s 24-hour trading volume, nearly three times higher than its market cap, was a sign that the token was in the “blowoff stage” of a parabolic run, suggesting that whoever was behind the price pump was getting ready to dump their tokens.</p> 
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   <p lang="en" dir="ltr">𝟏𝟎𝟎% 𝐏𝐔𝐌𝐏 𝐈𝐍 𝐀 𝐃𝐀𝐘 🤑💸<br>&nbsp;<br>Sunday and small cap unusual pumps is a story made in heaven, and this time it's the CREAM token.<br>&nbsp;<a href="https://twitter.com/search?q=%24CREAM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$CREAM</a> token pumped more than 100% in the last 24 hours as <a href="https://twitter.com/machibigbrother?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@machibigbrother</a> bought and withdrew 215,236 CREAM from <a href="https://twitter.com/hashtag/Cream?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Cream</a>.<br>&nbsp;<br>Currently, the… <a href="https://t.co/D8bQzJ6EGl" target="_blank">pic.twitter.com/D8bQzJ6EGl</a></p>— Wise Advice By Sumit Kapoor (@sumitkapoor16) <a href="https://twitter.com/sumitkapoor16/status/1705852194984165746?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">September 24, 2023</a>
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<p>Kapoor likened CREAM’s price action to several other low-cap tokens, including CyberConnect (<a href="https://crypto.news/price/cyberconnect/" target="_blank" rel="noreferrer noopener">CYBER</a>), Perpetual Protocol (PERP), Tellor (TRB), and <a href="https://www.investing.com/news/cryptocurrency-news/hifi-finance-token-sees-sharp-fluctuations-amid-exchange-listings-and-contract-launch-93CH-3176584" target="_blank" rel="noreferrer noopener">Hifi Finance</a> (HIFI), that had followed similar trajectories in the last few weeks and days.</p> 
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   <p lang="en" dir="ltr">𝗔 𝗪𝗔𝗥𝗡𝗜𝗡𝗚 𝗧𝗢 𝗔𝗟𝗟 𝗙𝗨𝗧𝗨𝗥𝗘𝗦 𝗧𝗥𝗔𝗗𝗘𝗥𝗦 🚨🚨<br>&nbsp;<br>In the past few weeks, there have been some parabolic runs in the <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Crypto</a> market.<br>&nbsp;<br>First it was CYBER, then <a href="https://twitter.com/hashtag/PERP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#PERP</a>, and recently we saw <a href="https://twitter.com/hashtag/TRB?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#TRB</a> and HIFI mooning in a very short period of time.<br>&nbsp;<br>The real question is… <a href="https://t.co/bCDI7XfGXX" target="_blank">pic.twitter.com/bCDI7XfGXX</a></p>— Wise Advice By Sumit Kapoor (@sumitkapoor16) <a href="https://twitter.com/sumitkapoor16/status/1703405052881481847?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">September 17, 2023</a>
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<p>Huang currently holds 326,072 CREAM tokens valued at about $7.43 million staked with Cream Finance.</p> 
<p>Meanwhile, the Spot On Chain analysis shows that 13 other addresses have deposited or sold 5,408.65 CREAM tokens, worth roughly $99,000, on <a href="https://crypto.news/binance-coinbase-challenges-ftx-drama-weekly-recap/" target="_blank" rel="noreferrer noopener">Binance</a> and Gate.io.</p> 
<p> Read more: <a href="https://crypto.news/upbit-falls-victim-to-fraudulent-deposit-incident/"> Upbit falls victim to fraudulent deposit incident </a> </p>

CREAM price skyrockets 60%; pump and dump scheme?

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