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Monero and Privacy - It is Over!!!A "pump-and-dump" is a fraudulent practice in the cryptocurrency space where the price of a digital asset, be it a token or a non-fungible token (NFT). So it was all pump and dump. No one believed in the companies, but they believed they could be in early enough and out just in the nick of time. They are risky and could lead to financial losses. Here are some additional risks associated with crypto pump and dump schemes: You may be buying into a scam.