There’s been a fair amount of coverage for the recent DOGE pump, but no mention of the legality. As I understand, all pumps (and dumps) are illegal, is that not correct? Why has there been no authority mentioning this anywhere? Nothing in news, no warnings, no sign of the perpetrators facing consequence etc… https://cointelegraph.com/news/dogecoin-gains-20-amidst-tiktok-pumping-challenge https://cointelegraph.com/news/dogecoin-is-not-a-joke-says-okex-ceo-jay-hao
No, THIS is a pump and dump coin. Note, the charts. https://coinmarketcap.com/currencies/clams/
Pumps and dumps of securities maybe, but doge is not a security so nothing can be done.
Had this been a centrally coordinated pump and dump, there might have been someone/something to go after but as it is, who would you try to sue a bunch of random kids on tiktok?
Because doge is a joke. As in: literally a joke. Furthermore a pump is not illegal in itself.