Altcoin AurumCoin up today by 5749%? lol

If you check in to Coin Market Cap you might see a surprising vertical spike in there... Aurum Coin has jumped from nearly nothing to over $1750USD in just a few hours!

Is this another example of the 'unusual' behaviour on certain exchanges, such as we saw with Steem a few days ago? Or is this something else entirely?

The exchanges involved for Aurumcoin are not Korean this time, they are:

Cryptohub
Cointopia
CoinExchange

CoinExchange mentions in their newsfeed from a few days ago that:

We have noticed an increase in 51% attacks on smaller bitcoin codebased chains. Please take care and do your own research when investing in smaller coins with less secure block chains. Attacks on these chains usually involve injecting invalid coins which results in CoinExchange.io having more balance internally than we are holding on the real chain due to the false deposits. We are working to actively mitigate these attacks in order to protect these smaller blockchains. 

I know that Cryptopia is based in New Zealand, so this isn't purely a phenomena limited to Korean exchanges that are known to have unusual behaviour patterns. Is this a corrupted/hacked blockchain? Or something else?

I did find one [news story](https://www.chepicap.com/en/news/3349/pump-and-dump-glitch-human-error-or-next-big-thing-aurumcoin-up-6000-.html from an hour ago that speculates about some possible causes for the price spike, but they too have nothing certain yet!

What do you think?

Wishing you well,
Ura Soul

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