Pump and Dump (PND)
Tue, Apr 15A Pump and Dump (PND) is a coordinated trading scheme where market participants, such as a whale or a collective of traders, collaborate to sell a cryptocurrency suddenly after artificially inflating its price – or “pumping” it up.
It’s common to observe the “pump” occurring on platforms like Twitter, Discord, or Telegram.
More interested parties join in on the pump, believing that the asset will continue to rise in value.
They are eager to capitalize on the movement and the potential for easy profits.
The price surges sharply, at which point the whale or group of traders quickly sell off their holdings, or “dump.”
This entire process is referred to as a Pump and Dump.
Recommendation
Pain Trade
The term “pain trade” refers to a scenario in the financial markets where a majority of participants have taken positions in a specific direction, only to witness the market move against them. This situation creates considerable discomfort or “pain” for traders who find themselves on the losing side of the market shift.
Pakistani Rupee (PKR)
The Pakistani Rupee (PKR) serves as the official currency of Pakistan. It was established in 1948, taking the place of the Indian Rupee following Pakistan's independence from British India. The State Bank of Pakistan is tasked with the issuance and management of the Pakistani Rupee.
Panamanian Balboa (PAB)
The Panamanian Balboa (PAB) is one of the official currencies of Panama, alongside the United States Dollar (USD). The Balboa is named after Vasco Núñez de Balboa, a Spanish explorer who was the first European to reach the Pacific Ocean through the Americas. Panama has a unique monetary system, as it uses the US Dollar as legal tender for paper currency, while the Balboa is used for coins.
PancakeSwap
PancakeSwap is a decentralized exchange (DEX) that employs the automated market maker (AMM) protocol to establish digital asset prices and facilitate liquidity, operating on the Binance Smart Chain (BSC).
Pandemic Emergency Purchase Programme (PEPP)
The Pandemic Emergency Purchase Programme (PEPP) is a temporary initiative aimed at purchasing assets from both private and public sectors. In response to the COVID-19 crisis, the European Central Bank (ECB) introduced a €750 billion PEPP.
Paper Wallet
A paper wallet, in contrast to hardware or software wallets, is essentially a tangible piece of paper that contains your public and private keys either written or printed on it, or it may have your seed phrase copied onto it. The keys can also be represented as a QR code instead of traditional alphanumeric characters.
