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.
That's why we shouldn't chase after pumps. Information is key in the line of business. Either you have it or you don't. An experienced trader will never chase a pump, and will not succumb to the incredible urge of getting in, so these Sharks only suck the blood out of the inexperienced or the new guys in town. For those who follow cryptos for a few years now, we already know that if you don't know what you are doing, crypto trading will be much like putting money into a ponzi scheme.