Official link: linktr.ee/pumpbot
Pump and dump events in the cryptocurrency market are a form of market manipulation where a group of individuals coordinate to artificially inflate the price of a specific token. The aim of these events is to generate quick profits by selling the token at a higher price after the price has been artificially boosted.
The process of a pump and dump event usually starts with a group of individuals, known as the "pumpers," identifying a cryptocurrency. They announce it at a designated time coordinating to buy the token en masse, causing the price to rapidly increase. This sudden increase in demand creates a buying frenzy, attracting other unsuspecting investors to the token and further driving up the price.
Once the price of the cryptocurrency reaches its peak, the pumpers sell their holdings, cashing in on the inflated price. As the supply of the token suddenly increases, the price crashes, leaving late investors with worthless tokens and substantial losses.
Pump and dump events are often coordinated in Telegram or Discord channels.
This is a HotBit Pump from the day before yesterday.
As You can see the pump admins made a high prepump before they announced the coin, leaving no room to make profit.
So how to ride these huge waves?
I personally use the software You can find below.
There is a complete guide to learn how to use it and it only takes 10 minutes.
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