đš Market Pump and Dump Alert! đš
Feeling those sudden market swings? It could be a classic whale trap at play! Hereâs how it works:
1. Pump: Whales (big players) buy massive amounts of a coin, driving the price up fast. This triggers FOMO among retail traders, who jump in, chasing the pump. đđ
2. Dump: Once the price peaks, the whales offload their coins at sky-high prices, causing the market to crash. Smaller investors are left with the losses as the price tanks. đđ„
Stay sharp and donât get caught in the chaos. Whale traps prey on market volatility and emotionsâdonât fall victim to these tactics!
#CryptoTrading #StaySmart #BinanceTips #MarketMoves #Write2Earn
