Pump and dump

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Concept.png Pump and dumpRdf-entity.pngRdf-icon.png
Btc-pumpndump.jpg
manipulating investors into buying shares in order to inflate the price artificially, and then selling one's own shares while the price is high, shortly before the inevitable crash

Pump and Dump denotes the fraudulent practice of encouraging investors to buy shares in a company or coin in order to inflate the price artificially, and then selling one's own shares while the price is high.[1]

An example

A special fiat token, Tether, was used to pump up Bitcoin in the following scheme:

Pump-and-dump schemes involve propaganda and fiat currency.

"Notice how Bitcoin only rises during times when Tether is seen injecting hundreds of millions into Bitcoin. And during the periods they stopped, we saw major market corrections."[2]

Pump-and-dump schemes involve propaganda and fiat currency.

External link


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References


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