When you read that title, you pretty much understand what this article will talk about. If there are pump and dump schemes in the stock market, there are 10X the amount of schemes in the cryptocurrencies space. The penny cryptos are so easy to manipulate and the amount of dollars is so high and volatile, that makes it for an easy target for manipulation.
Back when Bitcoin cash started going up in value (while killing bitcoin core) a lot of people were suggesting that there was a pump and there would be a dump. So people aren’t exactly ignorant of reality. Now, in that case, it proved that in fact it was serious investors that believed Bitcoin cash had a better future than bitcoin core. But that’s a discussion for some other time.