Telegram Ring Ran Pump-and-Dump Network That Netted $800K in a Month: Solidus Labs

A Solidus Labs investigation revealed a coordinated pump-and-dump network operating on Telegram, dubbed “PumpCell,” which targeted micro-cap tokens on Solana and BNB Chain. The group utilized bots, fabricated narratives, and rapid token deployments to manipulate markets, achieving seven-figure valuations for tokens within minutes before quickly exiting their positions. In October 2025 alone, the ring generated approximately $800,000 in profits. Funds were funneled into centralized exchanges like Binance and, in some cases, exchanged for physical currency through an Eastern European broker to evade compliance controls. Solidus Labs emphasizes the need for advanced surveillance tools, including real-time AMM analytics and on-chain fund tracing, to combat such manipulation in the rapidly evolving crypto landscape, and argues that exchanges have a responsibility to protect consumers despite the desire to maintain permissionless systems.

(Source：CoinDesk)