How pump & dump group work

[Cordillerabit]

1. Single person create various type of pump & dump group.
2. Each group will have 5,000 - 10,000 (sheep).
3. The admin buy specific coin at $1.00 (example).
4. The admin ask his clueless "sheep" to buy/pump certain coin and sell/dump it at certain level $10 (example).
5. The admin set sell order at $9.
6. The admin make profits.
7. Sheep get burned.

[shusmoybabu]

explained so well! 😂

[ephraim_90]

Now i know, how sad to those who do not know yet how it works

[Zed0X]

1. Single person create various type of pump & dump group.
2. Each group will have 5,000 - 10,000 (sheep).
3. The admin buy specific coin at $1.00 (example).
4. The admin ask his clueless "sheep" to buy/pump certain coin and sell/dump it at certain level $10 (example).
5. The admin set sell order at $9.
6. The admin make profits.
7. Sheep get burned.

Haha Yeah. There are even paid and free pump and dump groups.
Free groups are below the paid groups

[Zed0X]

This should be seen by everyone new to crypto. It is easy to be tricked by these PND's if you are not aware of their scheme.

[ZionRTZ]

If you post this on twitter, many will be triggered and would call you uninformed haha.
Still many fall for this and even pay a lot just to join.