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Pump And Dump

To pump means to manipulate the price of a coin to grow in an unnatural way ... achieved by mass purchases, FOMO news or schilling. Once the price is high enough, those responsible for the Pump will start to massively sell off (Dump) the coins and cause the price to fall quickly.

Manipulative traders often join forces in so called Pump&Dump groups, where they coordinate these activities to use the leverage of combined resources.

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