Entity: CRYPTO-PUMP
Crypto-pump refers to a rapid and significant increase in the price of a digital asset, often orchestrated through market manipulation tactics like pump-and-dump schemes.
CRYPTO-PUMP
Etymology
The term 'crypto-pump' is derived from the action of pumping up the price of a cryptocurrency through coordinated efforts.
Definition
Crypto-pump refers to a rapid and significant increase in the price of a digital asset, often orchestrated through market manipulation tactics like pump-and-dump schemes.
Historical Context
Crypto-pump activities have been prevalent in the cryptocurrency market, leading to regulatory concerns and investor protection issues.
Cultural Significance
The cultural significance of crypto-pump lies in its association with fraudulent market practices and the need for investor awareness and education.
Related Concepts
- Pump-and-dump schemes
- Market manipulation
- Cryptocurrency trading
See Also
A coordinated trading scheme where market traders artificially inflate the price of a cryptocurrency, then sell it abruptly for profit.