I know it sounds crazy. Why would anyone intentionally join a pump-and-dump scam? The answer is simple: I wanted to experience it, not for profit, but to understand how these traps work from the inside so I could expose them and save someone else from falling into the same hole.
This is my story.
It all started when I found a verified Twitter (X) handle promising up to 3000% gains. They were promoting a “secret insider group” on Telegram. The premise was simple: they claimed to have exclusive information about a new token launch on Solana. The pitch was irresistible—if you followed their steps and joined their group, you could make life-changing returns. That’s what they said.
Curious and cautious, I joined. From the moment I entered, the hype was overwhelming. All week, they built anticipation for the big pump, which was scheduled for Saturday. Everyone was told to prepare. Set up a Phantom wallet. Connect to Raydium. Load some $SOL. They even gave detailed instructions on how to “buy fast” when the moment came.
It all felt professional. Too professional.
But what most people didn’t realize—and what I soon discovered—was that this wasn’t a token they had insider info on. This was their token. They created it using pump.fun. Behind the scenes, the admins of the group had already minted the token and distributed most of the supply—between 50% to 80%—across 8 to 10 different wallets they controlled.
Then, the countdown began. The chat exploded with energy. Admins dropped the contract address like it was a golden ticket. Within seconds, hundreds—maybe thousands—of people started buying in, believing they were early to something massive. The chart exploded. The token price shot up 1000%, then 5000%, and at one point, even 25,000%.
People were euphoric. But behind the curtain, the trap was springing shut.
As soon as the chart hit its peak and the buying frenzy reached a climax, the admins did what they came for. They dumped every single token they held. In just seconds, the chart collapsed. The Telegram group fell silent. And the people—regular folks who thought they were about to strike gold—were left holding worthless tokens.
The reality hit hard. This wasn’t just a scam. It was emotional warfare.
People in that group weren’t just greedy gamblers. Some of them were hopeful. Some were desperate. Some invested rent money or savings they couldn’t afford to lose. And in an instant, all of it was gone. Not because they made a bad trade, but because they trusted the wrong people.
That’s the part that stings the most.
This entire experience opened my eyes. These schemes are organized, calculated, and deeply manipulative. They feed on hope. They speak in the language of opportunity. But what they sell is an illusion, and the cost is real.
Here’s the truth: If someone is promising insane returns in a private group, it’s probably not because they’re generous. It’s because you are the exit liquidity. And if you don’t understand where the money is coming from, it’s probably coming from you.
So no, this wasn’t a win for me. But I hope it becomes one for someone who reads this. Don’t chase hype. Chase knowledge. In crypto, it’s not just your money that’s at risk. It’s your trust, your time, your peace of mind.
Stay smart. Stay safe.
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