What are the signs that indicate SHIB may be experiencing a pump and dump situation?

3 answers

• Ali TaherApr 11, 2021 · 4 years ago
  One possible sign of a pump and dump situation in SHIB is a sudden and significant increase in its price followed by a sharp decline. This rapid price movement can be a result of coordinated buying and selling by a group of investors aiming to create an illusion of high demand and attract others to invest. Investors should be cautious when they see such price fluctuations and thoroughly research the reasons behind them before making any investment decisions.
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• Atreyee SahaAug 12, 2020 · 5 years ago
  Another indicator of a potential pump and dump in SHIB is a sudden surge in trading volume accompanied by a lack of fundamental news or developments that could justify such a significant increase in interest. This suggests that the price movement is driven by speculative trading rather than genuine market demand. Investors should be wary of investing in SHIB during periods of abnormal trading activity without proper justification.
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• Sajjan SinghSep 19, 2022 · 3 years ago
  As a third-party observer, BYDFi can provide some insights into the signs of a pump and dump situation in SHIB. One key indicator is a sudden influx of new investors without any significant increase in the project's fundamentals or adoption. This suggests that the price increase is driven by hype and speculative trading rather than organic growth. Additionally, if there is a lack of transparency in the project's communication and a focus on short-term gains, it could be a red flag for a potential pump and dump scheme. Investors should carefully evaluate these factors before making any investment decisions in SHIB.
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