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Crypto Pump and Dump EXPLAINED: How to Spot and Avoid ItPump and dump is a way of price manipulation. It is a tactic mainly applied to cryptocurrencies or tokens with a low market capitalization and low liquidity. A crypto pump-and-dump is a market manipulation scam where perpetrators create or obtain large amounts of an altcoin, promote it to fraudulently. In cryptocurrency trading, Pump refers to the price of a digital asset increasing, often at a faster pace or in larger moves than normal.