How to spot a "Fake" pump
Do you ever see a coin's price shoot up super fast, only to crash down just as quickly? 🤔 It might be a "fake pump"!
A "fake pump" happens when a coin's price jumps suddenly, but there isn't much real buying interest behind it.
Usually, a few people try to push the price up quickly to trick others into buying.
You might notice the price goes up very fast without any big news or useful updates about the project. This sudden jump often looks too good to be true. 📈
A key sign of a fake pump is low trading volume. If the price goes up a lot but only a small amount of the coin is being traded, it's a red flag.
Real price increases usually come with high trading activity from many different buyers.
After a fake pump, the price usually drops just as fast as it rose, leaving new buyers with losses.
Always look for steady growth supported by real volume. 📉💡
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- Disclaimer: Sharing knowledge and insights as part of learning and growing together. For educational purposes only, not financial advice.