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Crypto Pump and Dump EXPLAINED: How to Spot and Avoid It1. Pump-and-dump, or rug pull. In a �pump and dump� or �rug pull� scheme, promoters of a cryptocurrency hype it up to boost demand, and when. Another easy tip for avoiding crypto scams? Before buying a new token, do a quick online search for the token's name + �scam� to find out if any warnings have. Scammers sometimes create fake cryptocurrency trading platforms or fake versions of official crypto wallets to trick unsuspecting victims. These fake websites.
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