PUMP AND DUMP SCAM: MY PERSONAL EXPERIENCE AND WARNING TO CRYPTO INVESTORS ‼️‼️‼️‼️‼️🚨🚨🚨🚨🚨🚨

I unwittingly joined a Telegram group involved in a pump and dump scam towards the end of the last bull run. As the market approached its peak, I noticed obscure coins experiencing sudden and drastic price increases of up to 500% in mere minutes, only to plummet hours later. With no apparent news or project developments driving these pumps, I suspected manipulation.

Research led me to discover the reality of pump and dump schemes in crypto. I found a group and joined, receiving an update on an upcoming pump and dump event, including the coin, timing, and exchange. On the designated day, the group executed their plan, buying en masse and causing the coin's price to skyrocket. Unwary investors fell victim to FOMO, buying into the scam.

I believe exchanges should temporarily halt withdrawals when coins experience suspicious and rapid price increases to protect users. Binance took similar action with Drep in 2021, safeguarding many investors. Stay tuned for more insights on how scams operate and how to avoid them in this bull run.

#Write2Earn! #BinanceTurns7 #BTC_Bounce_Back_to_57k #Marketsentimentstoday #Warnig⚠️⚠️