A group spreads hype & excitement about a cryptocurrency. This causes a sharp price increase as more people buy in.
Do Your Research Avoid FOMO Be Cautious of Hype Diversify Your Investments Set Price Alerts
Pump & Dump inflates the price through hype and quick selling, while Rug Pull involves developers draining funds, leaving investors with nothing.
Conclusion Pump and Dump schemes can lead to major losses in crypto. Stay cautious and make informed decisions to protect your funds.