🚨 Beware of Pump and Dump Schemes in Crypto! 🚨

Pump and dump schemes are one of the oldest tricks in the book, but they’ve found a dangerous new playground in the crypto world. Here’s how they work:

1️⃣ The Hype Train: Scammers artificially inflate the price of a low-value coin by spreading FOMO (fear of missing out) through social media, groups, or forums.

2️⃣ The Pump: As prices skyrocket, unsuspecting investors jump in, hoping to ride the wave to the moon.

3️⃣ The Dump: The orchestrators sell their holdings at the peak, causing the price to plummet. Investors are left with heavy losses.

🚫 How to Protect Yourself:

✔️ Do your own research (DYOR).

✔️ Be wary of coins with sudden, unexplained price surges.

✔️ Avoid falling for promises of "guaranteed" returns.

✔️ Trust reputable platforms like Binance for research and trading tools.

Remember, if it sounds too good to be true, it probably is!

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