Birdwatch Note Rating
2023-12-12 09:01:06 UTC - HELPFUL
Rated by Participant: BCC055D4441DFB63F77BDEE95B657F34CC9D7162B1F102880A4B4DDC27C8DF3D
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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