Reason: When people pump a coin, they're trying to boost its price by creating hype and buying large amounts, causing a rapid price increase. Pumpers aim to sell at a profit when the price peaks. But these pumps come with risks, as prices can drop fast, leading to losses for late buyers. It's a high-stakes game where timing is key. Being cautious and not getting swept up in the hype is crucial. Understanding the motivations behind these pumps and the associated risks can help navigate the volatile crypto market more effectively. Pumps can create artificial price increases that are not sustainable in the long term, often resulting in significant price drops after the initial surge. This practice can be detrimental to unsuspecting investors who buy in at the peak, only to experience sharp declines shortly after. It's essential to conduct thorough research, analyze market trends, and exercise caution when engaging in volatile markets like cryptocurrencies. By staying informed and being aware of the risks involved in pump-and-dump schemes, investors can make more informed decisions and mitigate potential losses. If you have any more questions or need further clarification, feel free to ask!$PEOPLE #PEOPLE #ETHETFsApproved $PEOPLE
PEPE currency continues its upward trend and is now still in the take-off stage. This scenario reminds me of BTC and ETH currency in the year 2009 when Bitcoin was just a joke and its price at the time was $0.01. We now find it above 68 thousand. The same thing applies to PEPE currency. Meaning, if you invest $1,400 in PEPE currency, after next July it will become $140,000. Here is the stage of PEPE currency progress within a month from now until the time I write the post. For more details, you can always join us on Telegram.