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Pump and Dump Schemes Explained in One MinuteCrypto pump and dump schemes have become common in the crypto world, making up 24% of new tokens launched in This paper examines pump and dump schemes. The recent explosion of nearly 2, cryptocurrencies in an unregulated environment has expanded the scope for abuse. The pump and dump scheme is a form of market manipulation attack in which coordinated actors drive up the price of an asset in order to sell.
