Moscow student makes a living by faking crypto volumes
Alexey Andryunin is a 20-year-old sophomore at Moscow State University, making a living by manipulating the market. Gotbit, a company that he co-founded, provides a controversial but very profitable services. With a portfolio of over 30 companies, the firm uses bots to manipulate the volume of a token in small exchanges. Even though Alexey knows that his work is unethical, he is not planning to stop it as he is earning quite good money from it.
The Moscow-based firm is helping unknown cryptocurrencies to get listed on CoinmarketCap by looking like they are being constantly traded on those secondary exchanges. The bot used by the 20-years-old trader is able to trade a coin back and forth, to influence market data.
In an interview with CoinDesk, Andryunin confirmed that he is not interested in registering Gotbit under any jurisdiction as the business is not “entirely unheard-of, either, in a global market notorious for its lack of transparency”.
After the interview was published, Twitter was shaken profoundly as many people didn't know about the existence of those type of shady businesses. In fact, many specialists say that it is not hard to find those type of services nowadays. One of the most recognized personalities in the crypto space, Bobby Ong stated that:
“These operators usually go around claiming that they can do market-making for token projects and inflate trading volume for a fee. This practice is also known as wash trading and is illegal”.
The sophomore believes that crypto projects should “fake it until they make it”, that's why he goes out every morning to look for potential clients.
To solve inefficiencies in the market such as this one, CoinMarketCap launched a few months ago an initiative called Data Accountability & Transparency Alliance (DATA). DATA aims to gather credible information about projects, as well as checking the records of their trading volume. In addition, the world-leading cryptocurrency portal will be adding more strict requirements in the listing framework, to ensure transparency.
Image licensed via Shutterstock
Continue reading by joining Cryptonary Pro
$1,548 $997/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
As a Cryptonary Pro subscriber, you also get:
24/7 access to experts with 50+ years’ experience Terms
All of our top token picks for 2025
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
Recommended from Cryptonary
