🚫 Don't be fuel for the market whales!
Many in the cryptocurrency market fall victim to "Pump & Dump" groups. These groups are run by market "whales" (large capital holders) who exploit the emotions of beginners to make quick profits at their expense.
What happens in a Pump & Dump trap?
Pump: The group spreads a strong rumor about an unknown or small cryptocurrency (often with low value).
FOMO buying: Followers and newcomers begin to buy frantically, causing the price of the coin to rise very quickly.
Dump: Group leaders and whales sell all their coins at once at a high price.
The result: The price of the coin suddenly crashes, leaving new buyers stuck with massive losses and worthless currency.
🔑 How do you protect yourself?
Search for yourself (DYOR): Do not buy any currency just because someone or a group "recommended" it. Research the project, the team, and the roadmap.
Avoid "signal" groups: Most groups that promise "guaranteed profits" are traps to steal your money or use you as a tool.
Monitor liquidity: Small coins that can be pumped by a small amount can see their prices skyrocket and are most susceptible to this trap.
Doubt is necessary: If it seems too good to be true (like making 100% profit in an hour), it is likely not real.