⚠️ What is a pump and dump scheme in crypto trading? A pump and dump scheme is a form of market manipulation in which the price of a cryptocurrency is artificially inflated (pumped) through coordinated buying, followed by the sale of the cryptocurrency at a higher price to unsuspecting investors (dumped). The scheme leads to significant price volatility and potential losses for those who buy at inflated prices. Traders should be cautious of sudden price spikes and perform due diligence before investing in cryptocurrencies that have experienced suspicious pump and dump activities. #FAQ #NordFX