I just realized that many people are still confused about the term PnD in the crypto market. So, PnD stands for Pump and Dump, which means that some parties intentionally inflate the price of a digital asset artificially in a short period of time, then suddenly sell everything off with large volume. The result is a drastic price drop, and retail investors who bought at the peak become victims.

Market manipulation schemes like this are actually illegal in many countries, but they still happen in markets with weak or lax regulation. Especially on some small exchanges or certain trading communities, PnD is a common abbreviation used by actors to refer to this practice.

Here's how it works: large players or coordinated trading groups start buying a certain asset in large volume, spread positive news or hype within the community, retail traders FOMO and buy in, causing the price to spike sharply, then they sell all their holdings at once. Within hours or days, the price can fall 50-80% from the peak.

The most dangerous part is that it’s hard to detect if the exchange isn’t transparent. That’s why it’s very important to trade on trusted platforms with clear regulation. Never go all-in on an asset with unclear fundamentals, especially if there’s sudden hype. Risk management is key to avoiding becoming a victim of this kind of market manipulation.