🚨 🚨 🚨 Market Sudden Pump and Dump ❗️

A sudden pump and dump in the market is often due to whale traps. Whale traps happen when large investors, known as whales, manipulate the market to cause rapid price movements for their gain. Here’s how it typically unfolds:

Pump: Whales buy a large amount of a cryptocurrency, causing its price to surge quickly. This spike attracts other investors who fear missing out (FOMO), prompting them to buy in as well.

Dump: Once the price reaches a high level, whales start selling their holdings at the inflated price. This creates sudden selling pressure, causing the price to plummet and leaving latecomers with losses.

Whale traps exploit the market’s volatility and traders’ emotions, allowing large players to profit at the expense of smaller investors. Stay vigilant and informed to avoid falling into these traps.

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