5 Pump.Fun Scam Tactics You Need to Know

Pump.fun is a platform for token creation, but scammers have exploited its features. Here are five common scams to watch out for:

Wash Trading
Scammers repeatedly buy and sell the same token to fake high trading volume and inflated prices.

Spot It:

Frequent transactions between the same wallets.New wallets with no history.

Volume Bots
Automated bots create fake trading activity to deceive investors into thinking there’s high demand.

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Rapid, small trades at regular intervals.New wallets involved.

Microbuys
Small, frequent purchases create the illusion of organic interest.

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Frequent small buys over a short time.A variety of wallets making purchases.

Bundled Transactions
Scammers consolidate tokens from fake wallets, then sell them off quickly to crash the price.

Spot It:

Sudden large sell orders.Wallets receiving large amounts before sell-off.

Clone Token Contracts
Fake tokens with the same contract address trick investors into buying the wrong token.

Spot It:

Clone tokens lack liquidity.Compare token details with official sources.

Conclusion
Pump.fun can be a target for scams. Always do your research, verify token details, and monitor wallet activities to avoid fraud. Stay cautious in the crypto space!