5 Warning Signs Every Crypto Trader Should Be Aware of: Pump & Dump Schemes Revealed!
Unexpected Price IncreasesA pump-and-dump trap is probably in place if the price of a little-known cryptocurrency spikes out of the blue without any obvious cause.
Influencer Promotions & Social Media HypeWatch out for influencers or anonymous organizations that are promoting a coin with exaggerated claims of enormous profits.
Insiders' Exit DumpAn obvious warning of an impending dump is when early investors or insiders abruptly sell off their interests.
Fake Volume & Low LiquidityPumpers use low liquidity and fictitious orders to influence the market, making it difficult to sell when the price plummets.
"Guaranteed Profits" promises.Avoid scams at all costs if someone offers rapid riches or risk-free profits.