Birdwatch Note Rating
2023-12-12 09:02:32 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 3687F04C3B6B8AD3E24D16649742658453F9D16BAE1AE236FC95E0EF38851B84
Participant Details
Original Note:
This is a pump and dump scheme. It involves artificially inflating the price of an asset through misleading statements, and then quickly selling the overvalued asset for a profit. Participants in these schemes typically experience significant financial losses. https://www.reddit.com/r/CryptoCurrency/s/5sKqq8n6Jt https://smartasset.com/investing/pump-and-dump https://www.investopedia.com/ask/answers/05/061205.asp
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