Another type of scam is the spread of free signals groups for Pump.Fun memes. These scammers buy a meme and then post a recommendation for the meme that it will rise several times. When these foolish subscribers start buying and the meme's price rises, the channel owner sells to them and suddenly dumps the price, causing losses for these poor people who don't know what happened.
Currently, many groups are running these pump and dump schemes on a large scale, and ordinary crypto investors are falling into those traps and losing all their money. Now these pump and dump schemes are also being run by various big influencers. Currently, so-called crypto gurus are promoting such projects on various platforms including Telegram and X, but the goal of all of them is to create hype and dump their held coins to late buyers.
The crypto community should be more careful and refrain from blindly trusting any so-called crypto experts. Because most of these influencers are not honest, they can do anything for their own gain.