Check this out! Note the previous close, the current price, and the correction percentage.

Crypto Fraud and Fake Pumping: It's Getting Out of Control

Hey everyone,

I don't know about you, but lately, it feels like the crypto space is being overrun by fraud and manipulation. We're witnessing an explosion of fake pumps, sniping, and outright scams that are making it harder for regular investors to have any confidence in the market.

First, let's talk about sniping – the practice of targeting a coin, artificially inflating its price with false or misleading information, then selling off once it gains momentum, leaving unsuspecting holders stuck with a worthless asset. It's no longer just a few bad actors. It feels like a trend, and the worst part is that platforms often fail to act quickly enough to prevent it.

Then there’s fake pumping – the coordinated effort to artificially inflate the price of a cryptocurrency by using bots or paid shills to spread hype. This has become a common tactic, especially with low-cap coins that are vulnerable to manipulation. And unfortunately, once the pumpers cash out, the prices plummet, and the ones left holding the bag are often the ones who got in too late, after all the hype.

It’s frustrating because it’s not just a few rogue traders. Some of the largest exchanges, influencers, and projects are seemingly turning a blind eye or even profiting from this manipulation. It's no wonder so many new investors are getting burned.

I don't know what the solution is, but I think it starts with better regulation and more accountability. If crypto is ever going to gain mainstream adoption and respectability, we need to take a stand against this kind of behavior. It's about time the community holds scammers and manipulators accountable for their actions.

Has anyone else been seeing the same thing lately? How do you all feel about the direction the market is heading?

Let’s talk about it.

Stay safe out there.