Consider this hypothetical scenario:
Let’s say I created an ERC20 token just for fun. I keep 1 billion of these tokens for myself.
I list this token on a small exchange. And then by some miracle the price of this token rises to $1. Is there any way I can get rid of all my tokens at this very moment and make a $1 billion profit - despite the obvious low liquidity of my custom token?
I’m asking this because I’m wondering how scammers can create large amounts of new coins/tokens and then dump them en masse despite low liquidity?