GameStop FOMO Inspires a New Wave of Crypto Pump-and-Dumps

A hundred and fifty years later, a new generation of amateur investors are equally desperate not to miss the next big thing in the finance world. After watching the great GameStop stock boom play out on sites like Reddit and Discord this winter, hundreds of thousands of hopefuls are joining Discord groups that promise big earnings from manipulating the crypto market—also known as crypto pump-and-dumps.

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