Which cryptocurrencies are being targeted by pump and dump schemes today?

3 answers

• Mar 19, 2022 · 3 years ago
  As an expert in the field of cryptocurrencies, I can tell you that there are several cryptocurrencies that are currently being targeted by pump and dump schemes. Some of the commonly targeted ones include Dogecoin, Safemoon, and Shiba Inu. These schemes involve artificially inflating the price of a cryptocurrency through coordinated buying, and then selling off the assets at a profit, leaving other investors at a loss. It's important to be cautious when investing in these cryptocurrencies and do thorough research before making any decisions. Remember, if something seems too good to be true, it probably is.
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• Mar 19, 2022 · 3 years ago
  Ah, pump and dump schemes, the bane of the cryptocurrency world. Unfortunately, there are always a few bad actors looking to make a quick buck at the expense of unsuspecting investors. Currently, some of the cryptocurrencies being targeted by these schemes are Dogecoin, Safemoon, and Shiba Inu. These schemes often rely on social media hype and coordinated buying to artificially inflate the price, only to dump the assets and leave others holding the bag. It's important to stay vigilant and not get caught up in the frenzy. Always do your own research and invest wisely.
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• Mar 19, 2022 · 3 years ago
  While I can't speak for other exchanges, at BYDFi we take the issue of pump and dump schemes very seriously. We have implemented strict measures to prevent such activities on our platform. However, it's important to note that pump and dump schemes can target any cryptocurrency, regardless of the exchange it is traded on. It's crucial for investors to be aware of the risks associated with these schemes and to exercise caution when investing in volatile assets. Remember, DYOR (Do Your Own Research) and never invest more than you can afford to lose.
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