Be careful of pump-and-dump schemes in crypto! A pump and dump is a manipulative scheme where investors artificially inflate the price of an asset and then sell it for a profit.
In this video, we’ll cover:
1. How does a pump-and-dump scheme work?
2. How to spot and avoid a pump-and-dump scheme?
Have you encountered a pump-and-dump scheme before?
Links:
CoinGecko: https://www.coingecko.com/
GeckoTerminal: https://www.geckoterminal.com/
Timestamps:
00:00 Intro
00:23 What is pump-and-dump
01:01″Pump” phase
01:25 “Dump” phase
01:45 Examples
02:14 How to spot
03:00 Outro
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8 Comments
Have you encountered a "pump-and-dump" scheme before? 😰
Nice project
#FEG is one of them 💯🔥👀
Thanks CG 👋🖖💪
excited to be at the beginning of new money
I think Pirate chain is the best example of a pump n dump, Jeff from the dollar vigilante and Max Igan convinced truth seekers on the fence with crypto that this privacy coin was going to be the next best crypto after Bitcoin . Shady mofos , look at its charts
Yes
So that means, if you spot a pump & dump very early, you can invest, ride the pump for a couple x's and leave before the "developers" sell their shares?