Flend Research Group

Pump and Dump Scheme

The pump and Dump scheme is not aboriginal to crypto. Dating back to the South Sea Bubble in the early 18th century, the King of Great Britain, George I, Isaac Newton, and the Royal Society among others bought stocks of the South Sea Company during its pump, when it crashed in 1720, countless investors, rich and poor, were victims. What is a Crypto Pump and Dump? A crypto pump and dump is a fraudulent scheme where a group of people artificially inflates the price of a cryptocurrency (this is ...