🤑Pump and Dump schemes exposed!🤬
This market manipulation occurs when organized groups hype certain cryptos to drive price spikes, then dump their holdings at the peak to unsuspecting investors.
👉Pump and dumps often target low-cap coins with illiquid order books.
For example members in a particular telegram group decide to buy $ARDR at a specific time just to drive the price upwards and make some quick gains without any news or major events in the ecosystem of the token.
How to Avoid pump and dump ?🤔
👉Don`t buy cryptos with sudden volume spikes and no news. Always DYOR.
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