Do not get trapped by whales pumping and dumping small caps. 3 bybit whales pumped and dumped a small cap coin for over $500k profit each.

Many of us have heard of the pump and dump groups but likely have not seen them in action. In this case you will be able to see clearly exactly what happened and how 3 bybit accounts pumped and dumped some small cap and hurt retailers in the process.

The first step is to not get trapped by them is to understand how they operate. They start by buying loads os spot bags of a certain coin, wait for fomo to set in and then they leverage short the futures pair then proceed to dump their massive bags on the retailers. This results in them being up alot on their futures trade.

Source: https://twitter.com/DefiSquared/status/1682941977371738112?t=xrOB9avi3-F-gZvdstMDJA&s=19

In that tweet you will be able to see pictures and charts to help you understand how their whole operation works.