Pump and Dump (P&D) Scheme
DeFiA pump and dump scheme is a type of fraud where people create fake hype around a cryptocurrency to drive up its price. Once the price is high, they sell their coins for profit, leaving other investors with losses.
- Definition
- A pump and dump scheme is a type of fraud where people create fake hype around a cryptocurrency to drive up its price. Once the price is high, they sell their coins for profit, leaving other investors with losses.