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Crypto is pumping! Crypto Sunday Summary - 11 February 2024In a crypto pump and dump scheme, a group of individuals or entities coordinate to artificially increase the price of a specific cryptocurrency. Crypto pump and dump schemes have become common in the crypto world, making up 24% of new tokens launched in A crypto pump-and-dump is a market manipulation scam where perpetrators create or obtain large amounts of an altcoin, promote it to fraudulently.