That's the thing. The only people gaining are the people that initiated the pumps. They're smart. As soon the shit coin goes up buy 10-20% they sell to people buying after the 10-20% up. Anyone who buys after that is stuck with those coins because no one is going to buy a shit coin that is up that much. They end up selling at a huge lost (sometimes 70-90% lost). It's a scam that works well for people who organize pump and dumps.
The FOMOs are trying to get rich overnight, but ended up loosing everything. I wish people get it that only
trading / investing in Bitcoin will bring you profit. Only
BTC's price fluctuate to the point where you can make nice profit trading with even $500. It's going to take a while to build up the profit, but it's almost always a sure thing.
though people already knew these tactics from whales/manipulators still they are trying their luck.
because in some scenarios there are still getting the chance of buying before the pump happens so when the manipulators press the key these people sell the currencies and instant profit,the problem is there are more losers than the winners yet nothing can stop them.
this will never stop as long as there are bunch of "willing victims" around.