$PUMP What is a โPump Coinโ? Read This Before You Get Trapped
The crypto market moves fast โ and one term every beginner hears is โpump coin.โ
But what actually is it, and how do you protect yourself?
What is a Pump Coin?
A pump coin is a cryptocurrency that suddenly shoots up in price within minutes or hours.
This usually happens because of:
โขHype on social media
โขCoordinated buying by groups
โขLow liquidity coins being targeted
โขFalse news or exaggerated predictions
Why Do People Chase Pump Coins?
Because the charts look tempting:
20%โฆ 40%โฆ sometimes 100% spikes in minutes
Quick profits for early buyers
Extremely volatile movement
But rememberโฆ
The Hidden Truth
Most pump coins dump just as fast as they pump.
Late buyers get stuck with heavy losses.
The ones who profit the most are usually:
โขEarly whales
โขGroup organizers
โขInsiders who create the hype
How to Stay Safe:
If you still want to explore fast-moving coins:
1. Trade small amounts only
2. Never FOMO
3. Always set stop-losses
4. Donโt buy after a big green candle
5. Focus on learning chart patterns
Pro Tip:
Instead of chasing random pumps, look for:
Coins with strong volume
Coins trending in Binance Top Gainers list
Coins forming breakout patterns
These give safer opportunities without the massive risks of manipulation.
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