A pump-and-dump is an investment scheme that involves inflating the price of a penny stock or meme coin. Is TRUMP Coin an example?
communities or exchanges to prevent financial fraud where scammers sell their crypto when the price reaches a certain level to make enormous profits before exiting the market. After that, the price sharply drops, leaving other investorssuffering heavy monetary losses. Anti-dumping policy is designed ...
The most popular cryptocurrency is Bitcoin, and it’s a fungible token. When something is fungible, it can be exchanged for something similar or equal to it in value. 1 BTC is equivalent to every other Bitcoin. But 1 NFT isn’t equal to every other NFT - different NFTs have different v...
As of now, there's no real concrete ruling that GameStop is a classic case of a pump and dump scam. With GameStop, many retail investors, especially those tuned into the WallStreetBets subreddit, say they bought up the company's stock because they wanted to squeeze hedge funds tha...
What is a non-fungible token (NFT)? A non-fungible token (NFT) is a unique cryptographic asset used to create and authenticate ownership of digital assets. NFTs are used with cartoons, music, film and video clips, JPEGs, postcards, sports trading cards, and virtual real estate and pets....
Pump and dump, rug pull, and exit scamSometimes abbreviated as P&D, pump and dump is a scam where a scammer invests in something that makes them money and then "pumps" it up by discussing its potential. Once the scammer has made a lot of money from everyone else investing their money,...
A rug pull is a scam where acryptocurrencyorNFTdeveloper hypes a project to attract investor money, only to suddenly shut down or disappear, taking investor assets with them. The name comes from the idiom “to pull the rug out” from under someone, leaving the victim off-balance and scrambl...
Crypto airdrops offer plenty of perks, both for users and the projects that distribute them. Let’s explore the key benefits. Free crypto for users The biggest and most obvious benefit is free cryptocurrency. Whether it’s a small amount or something substantial, getting free tokens without sp...
This tactic is commonly known as a pump and dump scam.Ponzi schemeSome compare NFTs to a Ponzi or pyramid scheme because of the hype of early adopters making money to excite new and inexperienced people into buying NFTs. Unfortunately, like most schemes, not everyone becomes rich from selling...
What It Means If $TRUMP is a Scam If Trump’s accounts were hacked, this could go down as one of the most sophisticated scams in crypto history. A scam of this magnitude would likely lead to calls for stricter regulations around crypto and heightened scrutiny of high-profile accounts. ...