$PUMP What is a āPump Coinā? Read This Before You Get Trapped
The crypto market moves fast ā and one term every beginner hears is āpump coin.ā
But what actually is it, and how do you protect yourself?
What is a Pump Coin?
A pump coin is a cryptocurrency that suddenly shoots up in price within minutes or hours.
This usually happens because of:
ā¢Hype on social media
ā¢Coordinated buying by groups
ā¢Low liquidity coins being targeted
ā¢False news or exaggerated predictions
Why Do People Chase Pump Coins?
Because the charts look tempting:
20%⦠40%⦠sometimes 100% spikes in minutes
Quick profits for early buyers
Extremely volatile movement
But rememberā¦
The Hidden Truth
Most pump coins dump just as fast as they pump.
Late buyers get stuck with heavy losses.
The ones who profit the most are usually:
ā¢Early whales
ā¢Group organizers
ā¢Insiders who create the hype
How to Stay Safe:
If you still want to explore fast-moving coins:
1. Trade small amounts only
2. Never FOMO
3. Always set stop-losses
4. Donāt buy after a big green candle
5. Focus on learning chart patterns
Pro Tip:
Instead of chasing random pumps, look for:
Coins with strong volume
Coins trending in Binance Top Gainers list
Coins forming breakout patterns
These give safer opportunities without the massive risks of manipulation.
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