What is Shilling?
Shilling, also known as pumping, is a type of market manipulation in which investors artificially inflate the price of an asset. This is done by creating hype around the asset through marketing activities such as posting positive news or reviews about it on social media platforms and forums. The purpose of shilling is to entice other investors to buy into the asset, thereby increasing its demand and driving up its price. Shilling can be considered a form of fraud because it involves spreading false or misleading information in order to deceive potential buyers into making an investment decision they would not have made if they had access to all the facts. In some cases, those behind the shill may even benefit financially from their manipulation efforts.
It’s important for cryptocurrency investors to be aware that shilling exists and understand how it works so they can make more informed decisions when investing in digital assets. If you suspect that an investment opportunity you are considering has been subject to shilling tactics, do your own research before committing any money; look at multiple sources for unbiased opinions and cross-reference them with existing data points like trading volumes and market sentiment surveys.
