PUMP’s Wild Ride: Lessons from the Crypto Rollercoaster
Diving into the world of altcoins, we see that PUMP is a prime example of the wild rollercoaster ride that is crypto. The highs can be skyward and the lows can be crushing, and in between lies the need for us to learn and adapt. Let’s break down some key lessons from previous market cycles, and what they might mean for our dear PUMP.
The Price of Pump-and-Dump
Pump-and-dump schemes are as old as the market itself. These coordinated efforts to inflate a low-cap token’s price through hype and social media often lead to disastrous losses for those who buy in at the peak. PUMP is no exception. If it lacks liquidity or strong fundamentals, it could easily fall victim to the same fate. The lesson? Always question the hype and the sudden…
