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Dumping in the cryptocurrency market refers to the rapid selling of a large quantity of a specific cryptocurrency, often resulting in a sharp price decline. This action can be triggered by individual holders or coordinated by groups aiming to manipulate the market for their gain. Dumping can cause panic selling among other investors, further driving down the price, and is a common tactic in volatile markets.
Large-scale dumping often occurs when early investors or "whales" sell off their holdings to secure profits or move out of the market, leaving other investors with losses. This practice can destabilize a cryptocurrency's value and create uncertainty in the market, leading to short-term price crashes.
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With Plena Finance, users can monitor real-time market data and stay informed about sudden market movements, including potential dumping scenarios. Plena's user-friendly wallet and DeFi tools allow traders to react quickly, helping them mitigate risks associated with dumping and market manipulation, while maintaining control over their assets.
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