Market Pump and Dump Alert ❗️
Sudden market swings? It’s a classic whale trap in action! Here's what happens:
1. **Pump**: Big players, known as whales, buy up large amounts of a cryptocurrency, sparking a rapid price rise. This triggers FOMO among retail traders, who jump in, hoping to catch the wave.
2. **Dump**: Once the price hits a peak, the whales offload their holdings at inflated prices, causing a sharp drop. The result? Smaller investors are left with losses as the price plummets.
Whale traps play on market volatility and emotions, with big players profiting from the chaos. Stay alert to avoid getting caught in these manipulations.
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