Pump and Dump (P&D) Scheme

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Pump and Dump (P&D) Scheme

What is Pump and Dump (P&D) Scheme

A Pump and Dump (P&D) Scheme is a type of fraud when the price of a cryptocurrency is artificially inflated via deceptive and false positive statements. When a group of coordinated cryptocurrency traders targets a particular coin with the intention of artificially increasing demand for the coin, P&D crypto schemes are successful.

Pump and dumpers pick a coin, but they also aim for a particular exchange. Usually, their goal is to increase the coin’s volume. They typically aim for coins with low quantities.

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