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Onchain Economics

Pump-and-Dump

A market manipulation scheme where promoters artificially inflate an asset's price before selling their holdings to latecomers.

In-Depth Explanation

Pump-and-dumps are rampant in low-cap crypto markets. Promoters accumulate tokens cheaply, hype them on social media, and sell into the manufactured demand. The price crashes, leaving retail buyers holding worthless bags. While illegal in traditional markets, enforcement in crypto remains limited. Extreme gains promoted on social media are often pump-and-dump setups.

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