Cryptionary

Pump and Dump

PnD

1. concept

Fraud scheme to artificially increase the price (pump) of an asset to entice others to buy it, then sell (dump) it to unsuspecting investors, leaving them with an asset that is immediately valued far lower than they bought it for.

1.1

Pump and dump groups exist in many spaces, where the members of the group pick a random asset to pump and effectively play musical chairs, attempting to buy the asset quickly before the rest of the group has, and then sell it before anyone else does while the price is still being pumped.

* All terms and definitions may update as the Cryptionary improves.

All terms

Masternode Maximalist Maximum Supply Mempool Mining Mining Pool Minting Baton Mnemonic Mooning 🌕Multi Signature Node OP_RETURN Opcode Orphan Premining Privacy Coins Private Key Proof of Stake Proof of Work Public Key Pump and Dump Rekt Replace By Fee Satoshi Nakamoto Satoshis Schnorr Signatures SegWit SHA-256 Shill Shitcoin Simple Ledger Protocol Simplified Payment Verification Stop Limit Order Testnet Token Total Supply Transactions Per Second Transaction Transaction Fee Two Factor Authentication