$PEOPLE Pumped Too Hard This Time!
When people "pump" a coin, they create hype and buy large amounts to boost its price quickly.
The goal is to sell for a profit when the price peaks. However, these pumps are risky because prices can drop fast, causing losses for late buyers.
**Key Points:**
- Pumps cause rapid, unsustainable price increases.
- Prices often drop sharply after the initial surge.
- Unsuspecting investors who buy at the peak can face significant losses.
**Advice:**
- Be cautious and don't get caught up in the hype.
- Understand the risks and motivations behind pumps.
- Conduct thorough research and analyze market trends.
- Stay informed to make better decisions and reduce potential losses.
If you have any more questions or need further clarification, feel free to ask!
$PEOPLE #PEOPLE #ETHETFsApproved $PEOPLE
#BinanceLaunchpool $PEOPLE