🚨😳 ALERT! Unveiling the Mastermind Behind PUMP AND DUMP 🚨‼️

A Crucial Warning for Crypto Investors 🚨

During the last bull run, I inadvertently joined a Telegram group orchestrating a pump and dump scam. I witnessed obscure coins skyrocketing up to 500% within minutes, only to plummet hours later, without any news or updates justifying the surge. This aroused my suspicions of market manipulation.

Through diligent investigation, I uncovered the true nature of these schemes. The group disclosed details about an imminent pump, including the targeted coin, timing, and exchange. On the specified day, they purchased large volumes, inflating the price and luring unsuspecting investors into a FOMO-driven buying frenzy.

To protect users, exchanges should consider temporarily suspending withdrawals when coins undergo rapid and suspicious price hikes. Binance implemented such measures with DREP in 2021, saving many investors.

Stay tuned for more insights on avoiding these scams in future bull runs.

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