Crypto Scams and Fake Pumps: It’s Getting Out of Hand
Hey everyone,
I don’t know about you, but it feels like the crypto space is awash in scams and manipulation lately. We’ve seen an explosion of fake pumps, sniping, and outright scams that are making it increasingly difficult for regular investors to trust the market.
First, let’s talk about sniping – the practice of targeting a coin, artificially inflating its price with false or misleading information, and then selling once it gains traction, leaving unsuspecting holders with a worthless asset. It’s not just a few bad actors anymore. It seems to be a trend, and the worst part is that platforms often fail to act fast enough to stop it.
Then there’s the fake pump – a coordinated effort to artificially inflate the price of a cryptocurrency using bots or paid agents to spread hype. This has become a common tactic, especially with low-cap coins that are susceptible to manipulation.
