What is crypto pump and dump?

What Is Crypto Pump and Dump?

Pump and dump is when a group (or insiders) hype a coin to push the price up, then sell at the top. New buyers are left holding the bag when the price crashes. It can happen via social media, Telegram groups, or "signals." It is often illegal in traditional markets; crypto is less regulated. To protect yourself, avoid buying based on "guaranteed" pumps or anonymous tips. Do not join groups that coordinate buying and selling. If something sounds too good to be true, it usually is. Report suspected schemes; do not participate.