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11/29/2024 12:53:20 PM (GMT+1)

Pump and Dump: how to avoid falling into the trap?

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The cryptocurrency market attracts not only investors but also those trying to profit from price manipulations. One of the most common schemes is "pump and dump" — artificially inflating the value of an asset followed by a sharp drop. This phenomenon is particularly dangerous for newcomers who may fall into a trap by buying cryptocurrency at its peak price.

To avoid such situations, it is essential to thoroughly research the market, analyze the news, and monitor the activity of major investors. Always check projects for serious partnerships and transparency. Do not let emotions or rumors dictate decisions, as quick profits often hide the risk of significant losses.


This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.



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