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I Joined a Pump and Dump Scheme So You Don't Have ToPump and dump is a type of fraudulent manipulation of the price of crypto assets. First, fraudsters artificially inflate the price by spreading misinformation. Typically, a pump-and-dump crypto scheme starts with an organizer gathering influencers in a private group online. They'll coordinate buying the target crypto. The aim of crypto coin pump groups is to make quick profits by buying low and then selling high. The idea of these groups originated from Telegram. It was.