Pump-and-dump is the fraudulent way of artificially inflating the price of cryptocurrency through different ways, including shilling or by spreading false news, and selling the cryptocurrency when the price hits a high.
The practice is often carried out by those who bought the cryptocurrency at a cheap price and are looking to make a quick profit out of the investment.
The securities watchdogs in different countries regularly warn investors about pump-and-dump scams in cryptocurrencies.
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by Jyotsna V