The term “pumping” is used to indicate the purchasing of large quantities of coins to push the demand and price of respective coin up. Then, they release the assets at a higher price to rake in a high return on investment.
How do you know if a coin is pumping? The easiest way to identify a pump and dump scheme is when an unknown coin suddenly rises substantially without a real reason to do so. This can be easily viewed on a coin's price chart. Coincheckup, for example, has set a benchmark of a 5% price increase in less than five minutes as its indicator.