Yes pump and dumps on pancakeswap are legal. Pancakeswap pump signals and the bought coins are decentralised and unregulated. Everyone can create a coin/token/cryptocurrency and sell it via pancakeswap.
Pancakeswap pump groups have two options to scam the participants and one of them is a so called honey pot. We make it short for you: a crypto honeypot is a coin or token that can be bought but not sold! You have heard right. You buy the coin on pancakeswap – in a pump event – and are not able to sell it. This is how admins scam their members.
This is the second type how pump admins scam newbie crypto traders and with pancakeswap pumps: 100% sell taxes. In this case you are able to buy the pumping coin on pancakeswap but as soon as you try to sell it you lose 100% because of the sell taxes. It is a fee calculated on the amount of tokens you sell. And in this case when the sell taxes are 100% you lose everything to the pancakeswap telegram pump admins. The perfect scam.
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