Manipulation in the unregulated cryptocurrency market is a growing problem. It’s thought that so-called “pump and dump” groups have been responsible for over $820 million worth of trading volume over the last 18 months. Market Manipulation Groups Encourage Traders to Play a Game of Financial “Chicken” The huge price volatility that has come to be associated with cryptocurrencies is understandably alluring to traders. With smaller cap coins being swung up or down by many percentage points in just a few minutes or hours, it’s possible to make substantial profits if your timing is good. This has led many to attempt to influence traders to buy certain coins or tokens en masse at a given signal. Those behind these “pump and dump” groups can almost guarantee profits by exploiting their control over buying pressure. Many such trading groups have emerged that target smaller cap crypto coins for “pump and dumps.” The idea
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