This Is Why I Don't Trust The Hype On Twitter

There will always be someone trying to organize events that will manipulate the price of a coin they hold a lot of. What’s sad, yet funny and totally ironic is that despite these efforts made by Alameda to manipulate the price via insider knowledge, they STILL LOST BILLIONS worth of users funds. Which speaks volumes to the fact that they never were trying to earn anything back for the users. 

For sure this article is not highlighting an isolated incident.

Pump and dumps come in all shapes and sizes.
It is much easier to do this with smaller cap coins of course and it’s why when you see a new wave of random people talking about the hot new coin on platforms like Twitter, you have to have a short term mindset. You have to understand you are probably going to be their exit liquidity. 

Here is a video that explains pump and dump schemes and how you can identify them:

https://youtu.be/nHZpvWmGfAo

https://cointelegraph.com/news/elon-musk-tweets-twitter-bots-influenced-altcoin-prices

Elon Musk tweets and Twitter bot spam influences altcoin prices: Study
A Network Contagion Research Institute (NCRI) study has suggested a network of Twitter bots worked to pump the price of FTX-listed tokens.
Cointelegraph