What is a “Pump and Dump”?.
Beware of falling into this trap
“This crypto is going to explode!”
“Buy now, it's going to the moon.”
“100x guaranteed, only for a few…”
Phrases like these flood Telegram groups, X, and forums every day.
But… do you know if you are entering a real opportunity or a trap?
Pump and Dump is a maneuver where a group organizes a massive purchase to artificially inflate the price of a currency.
Once they attract the unwary… they sell everything.
And the price plummets.
The result?
You buy high and sell low.
They win, you lose.
Tips to avoid falling:
Distrust promises of quick profits.
Investigate the project before buying.
If you don't know who is driving the currency or there are no fundamentals… better to pass.
If everyone says “buy now”, ask yourself: who is selling?
Learning to identify these signals can save you a lot of losses and unnecessary anxiety.
📊 See how the most traded pairs are doing by clicking here 👇
$ETH | $BTC | $BNB
Have you ever fallen into a Pump and Dump?
How did you identify it afterwards?
I'll read you in the comments 👇
#BinanceAlphaAlert
