What causes a coin to pump?

Empowered by this atmosphere, traders flock to purchase the coin, further accelerating its price surge. The influx of buyers drives up demand, which in turn pushes the price even higher.

The initiation of a pump involves a strategic move by organizers who enter the market as insiders. They strategically invest in the asset, leveraging their inside knowledge to manipulate the market.

This cycle of increased demand and rising prices creates a self-fulfilling prophecy, as more and more investors are drawn in by the prospect of quick profits. The pump gathers momentum, fueling speculation and further driving up the asset's value.

As a result of their actions, the asset's price begins to climb, fueling excitement and anticipation among traders. The rise in price creates a sense of urgency, encouraging others to join the buying frenzy.

Among the reputable platforms where traders can participate in such market movements is BTCC, a top cryptocurrency exchange. BTCC offers a range of services, including spot trading, futures trading, and a secure wallet, making it a one-stop solution for crypto investors.