Pump-and-dump schemes are some of the oldest and sketchiest scams used in the financial sector, and sadly, the cryptocurrency industry has seen its fair share. There is an ever-growing list of coins whose values are artificially inflated, only for early buyers to sell off at a pre-arranged peak price. Less informed investors often fall foul thinking increased interest in the coin is a sign of long-term growth – only it isn’t. This helps to drive the price up even further, but sadly the outsiders don’t know to sell, and end up losing out when the price tanks. Spotting a pump-and-dump…

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