Market manipulation can be defined as any attempt to interfere with the free and fair operation of markets. Pump and dump schemes have become increasingly popular in the cryptocurrency trading sector these days. Many investors and traders have been ruined by these market manipulations.
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For example, on November 19, the $SNM token has been manipulated by some whales and has risen from 0.15$ to 13.86$ on the Binance exchange. However, it is currently back to 0.7$.
Usually the market moves in a natural range. Manipulators come from time to time for some reasons. And you should keep in mind that market manipulation is not common, it is specific to a token and not a general token.
Market manipulation is one of the worst things that has happened to crypto. There are certain factors that are supposed to move the market naturally and should not be manipulated by individuals.
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Most of these manipulations are causing irregularities in market direction. Anything that artificially moves the market will seriously hurt it.
No one can stop whales from manipulating the market because there are no laws against manipulating the crypto market. It has many advantages but the disadvantages are huge and cannot be handled by small investors like us.
The loss is high because some projects without strong background do not survive when the market is manipulated and some small investors are afraid to invest because of the loss.
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Do you like market manipulation because it will help you earn more profit in short term or you don't like manipulation because it destroys your asset completely?😅
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🤔Do you consider market manipulation as an illegal and punishable crime or do you think that manipulation is a common financial tool that, if used correctly, can bring good returns to consumers? 👀
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