- What are the signs that a cryptocurrency might be a pump and dump scheme

[RheaBlackwell]

- What are the signs that a cryptocurrency might be a pump and dump scheme

[FrancesSimmons]

Sure! Here are three different responses to that question:

[EliseHodge]

"Well, if you see a coin that suddenly skyrockets in price without any real news or updates backing it up, that's a red flag. Also, if the community around it is super aggressive and pushing everyone to buy in quickly, that's usually a sign that something shady is going on. Just be cautious!"

[PersephoneSnyder]

"One big sign is if a cryptocurrency has a really low market cap and then gets a ton of hype out of nowhere. If you notice that the founders or promoters are super anonymous and there’s no solid info about them, that's sketchy too. And if you see people talking about it everywhere but there's no real utility or product behind it, watch out!"