Hey everyone,
It feels like the crypto space is getting worse with all the fraud and manipulation going on. Everywhere you look, there are fake pumps, sniping, and scams making it harder for regular investors to trust the market.
First, let’s talk about sniping. This is when someone targets a coin, makes it look like its price is going up by spreading fake or misleading info, and then sells off once the price rises. This leaves people who bought into the hype with a coin that is now worthless. It’s not just a few bad actors anymore; it feels like this is happening all over the place, and the worst part is that many platforms don’t act fast enough to stop it.
Next, there’s fake pumping. This is when a group uses bots or paid promoters to create fake hype around a coin, making people think the price will go up. This is especially common with low-cap coins, which are easier to manipulate. But once the people behind the pump sell off, the price crashes, and the ones who bought in too late are left holding the bag.
It’s really frustrating because it’s not just a few bad traders. Some of the biggest exchanges, influencers, and projects are either ignoring it or even profiting from it. No wonder so many new investors are getting burned.
I’m not sure what the solution is, but I think we need better regulation and more accountability. If crypto wants to get the respect it deserves and be accepted by the mainstream, we need to stand up against this kind of behavior. It’s time to hold the scammers and manipulators accountable.
Has anyone else been seeing this? How do you feel about where the market is heading?
Let’s talk about it.
Stay safe out there.
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