First documented in January 2015 on Twitter. Currently active and in regular use across social platforms since 2015.
Coordinated manipulation where promoters pump asset price then dump on buyers. Illegal in securities, rampant in crypto. Wolf of Wall Street penny stock era, now crypto Telegram/Discord groups. Pattern: shill cheap token, FOMO buying, insiders sell, -90% crash. Victims: late buyers. Red flags: pump imminent messages, unknown tokens, promises of 100x. SEC prosecutes securities violations.
Sources: Financial market data, cryptocurrency tracking, investment research
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