Pump&Dump

The “pump and dump” scheme is a type of scam in which an investor or a group of investors aggressively promote a cryptocurrency that they hold. They do this to artificially inflate its price and then liquidate all their holdings in order to make a profit. Once the promoters of the scam sell (dump) their cryptos, the price of the cryptocurrency sinks and all those who are still investing in it lose their money.

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