Definition of Pump and Dump

Pump and Dump, What does it mean?

Pump and Dump is a term used in the cryptocurrencies field. It is key to understand it in order to fully understand this world

Definition of Pump and Dump: The recurring cycle of a certain coins or tokens being bought by lots of people in a short space of time or a ‘Whale’ buying large amounts. This generally increases the price to higher than normal levels – The Pump, at which point everyone sells at a huge profit – The Dump, this is where those late to the party are left holding over priced coins or tokens or forced to sell at a loss – Bagholder.

Pump and Dump is related to

Whale

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Pump and Dump, What does it mean?