Birdwatch Note Rating
2024-01-03 10:52:31 UTC - HELPFUL
Rated by Participant: 4E615E35EA3A9663FA255E6F73ACB7947E81AE8D0EF84566AA6457A316EFCC6F
Participant Details
Original Note:
This is a Pump and Dump Scheme! They involve inflating the price of an asset through misleading or exaggerated recommendations. Once the price is high, scammers sell off their holdings, causing the price to plummet and leaving others with a loss. https://www.vestinda.com/blog/crypto-pump-and-dump-what-is-it-and-how-does-it-work
All Note Details