How to spot a crypto pump-and-dump?

Are you familiar with the term "crypto pump-and-dump"? It's a deceitful tactic used by unscrupulous traders to artificially inflate the price of a cryptocurrency, typically through coordinated buying and hyping up the asset on social media, only to dump their holdings and leave others holding the bag. So, how can you protect yourself from falling victim to such schemes? Firstly, be wary of any cryptocurrency that suddenly sees a massive surge in price without any significant news or developments to justify it. This could be a sign that traders are pumping the price up. Secondly, pay attention to social media chatter. If you see a flood of posts promoting a particular cryptocurrency, be skeptical. These posts could be part of a coordinated effort to hype up the asset and lure in unsuspecting investors. Thirdly, research the team behind the cryptocurrency. If they have a history of engaging in pump-and-dump schemes or have a track record of failed projects, it's best to avoid investing in their latest offering. Lastly, remember that if it sounds too good to be true, it probably is. Don't let the promise of quick profits cloud your judgment and always do your due diligence before investing in any cryptocurrency.