Pump and dump scheme

Von CoinGecko | Aktualisiert am Mar 03, 2020
A scheme in which the development team (or short-term traders) hypes up a project without fundamental basis in order to pump up the price of the tokens temporarily and then sells their holdings immediately after launch to earn a profit. See the US SEC's investor alert on pump and dump schemes.

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Verwandte Begriffe

Mining Pool
Combination of resources of several miners to obtain a higher mining power and thus achieve greater rewards for the opening of blocks.
Transaction Fee
A payment to the network for performing a transaction to be recorded on the blockchain.
Rug pulled
Sudden removal of liquidity, causing price to crash due to lack of price support
ERC-20
ERC-20 is one of the most widely used token standards in Ethereum to create fungible, exchangeable tokens.
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