💥 #pump & #Dump : The Dark Side of Cryptos That Spark Dreams… Then Bring Ruin
In the world of crypto, not everything that shines is gold.
Market manipulation happens when bad actors artificially inflate the price of an asset usually a cryptocurrencyto trap investors. Their goal? Make it look like a golden opportunity… then sell right before it all crashes. The result? They pocket the profits, while you’re left holding the losses.
A classic example? The infamous Pump and Dump. Scammers hype up a coin by spreading false information or creating fake demand. Once the price skyrockets, they dump everything. The price plummets. Unaware investors get caught in the trap sometimes losing everything.
⚠️ These practices are illegal and heavily punished. But they still happen, especially in the less regulated corners of Web3.
🎯 Key takeaways:
Be wary of sudden, unexplained price spikes.
Don’t rush into a “hidden gem” just because an influencer says so.
Do Your Own Research (#dyor ).
And above all keep a cool head.
🔒 Stay informed, stay alert, and never let anyone play with your money!