How to identify and avoid a crypto pump-and-dump scheme?
— Avoid, Scheme, Tokens, Identify, Celebrities, Investors, Crypto, Projects, Prices, Musk — 1 min read
SafeMoon token is one of the most prominent examples of an alleged pump-and-dump scheme involving A-list celebrities, including Nick Carter, Soulja Boy, Lil Yachty and YouTubers Jake Paul and Ben Phillips. Binance, the biggest crypto exchange in terms of trading volume, also warned investors from taking investment advice from celebrities and influencers. In the next bull cycle, traditional and crypto investors across the globe will amp up efforts to recoup losses from the ongoing bear market. As a result, do your own research (DYOR) stands as a piece of the best piece of advice in crypto, Binance tweeted. For confidential support call the Samaritans on 08457 90 90 90, visit a local Samaritans branch or click here for details. Source