🚨🚨 ALARMING NEWS ALERT 🚨🚨

What is a Pump and Dump in Crypto?A pump and dump scheme involves artificially inflating the price of a low-value cryptocurrency to attract investors. Here's how it typically works:

1. Pre-Launch Phase: Orchestrators build hype around a relatively worthless token, often using tactics like allowlists and pre-sales to attract initial participants.

2. Launch Phase: Promoters bring in more potential victims to the project.

3. Pump Phase: The asset's price skyrockets as more participants engage.

4. Dump Phase: Orchestrators sell off their holdings once the token price reaches a profitable level. This massive sell-off causes the price to crash.Red Flags to Watch Out For:

Rapid price increases without apparent reasons.

Limited information about the asset.

Sudden surges in trading volume.

Impact and Protection:

Pump and dump schemes can lead to financial losses for participants.

To protect yourself:

Make decisions based on data and logic, not emotions.

Be wary of opportunities promising high returns with little risk.

Always research new tokens before engaging.Stay informed, and remember that vigilance is key in the crypto market! 🚀🔍#BinanceTurns7 #Write2Earn! #BinanceTournament #MtGoxJulyRepayments #CryptoInvestmentTips