PUMP AND DUMP - CRYPTO-MARKET MANIPULATION
The crypto space has received attention from all and sundry lately...newbies, Wall Street, big financial markets manipulators, and Fortune 500 organizations. While some are in to support the community, many are in to cash out on unsuspecting traders. Recently, a syndicated pump and dump group was exposed - investigation and prosecution underway! What are PUMP AND DUMP GROUP Simply put, Pump and Dump group are syndicated traders who pulled in big cash to manipulate the market. Their intention is to create FOMO ( Fear of Missing Out) and then sell off as more people buy into their scheming. They are present on almost all crypto- exchanger and are ready to dump on amateur traders at a profit. Often times, they deliberately promote shit coins and ICOs to their followers hoping to cashout once it hits exchanger platforms- it's all about your money! As a participant in this ecosystem, you need to guide yourself against organized P&D schemes. That a coin or token is going ...