@have3
"Pump and dump" schemes involve artificially inflating the price of a cryptocurrency (the "pump") through misleading or coordinated buying, followed by a rapid sell-off (the "dump"). You can spot them by looking for sudden, sharp price increases without any significant news or fundamental changes. These price spikes are often accompanied by massive trading volumes and social media hype. The key is to watch for unusually high buying activity from a small group of addresses or coordinated efforts to spread FOMO (Fear of Missing Out). Once the price peaks, it typically crashes as the orchestrators sell off their holdings.
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