Shilling involves artificially boosting a cryptocurrency's value through exaggerated claims to profit at the expense of latecomers. This manipulation can come from influencers, anonymous accounts, or high-profile figures. It's crucial to differentiate between genuine promotion and deceitful tactics. Look out for red flags like overhyped promises, missing products, and FOMO strategies. Transparency is key in crypto investments; avoid projects with anonymous teams. Beware of influencers promoting projects without disclosing sponsorships. Verify the team's credentials and the project's utility before investing. Don't fall for time pressure tactics or promises of quick profits. Stay vigilant against pump-and-dump schemes and always conduct thorough research to protect yourself from falling victim to crypto shilling scams. Read more AI-generated news on: https://app.chaingpt.org/news