🔄 CEXiO Quiz
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➡️Task: "Inside a Crypto Pump-and-Dump Scheme: The UGLY Truth!"
1. What do scammers often say to convince people to keep buying?
✔️"Diamond hands," "Buy the dip," and "This is just a correction"
2. What happens to the price of a coin during the pump?
✔️It skyrockets quickly due to artificial demand
3. What should you do if someone tells you a new coin is a "1000x opportunity"?
✔️Be skeptical and do your own research before investing
4. What happens to most investors who buy late in a pump-and-dump?
✔️They lose money as the price crashes
5. Where do pump-and-dump schemes usually start?
✔️Telegram groups, Discord servers, and Twitter accounts
6. Why do scammers move on to another coin after a dump?
✔️To repeat the cycle and scam new investors
7. How can you spot a potential pump-and-dump scheme?
✔️Sudden price spikes, aggressive marketing, and no real project utility
8. Who benefits the most from pump-and-dump schemes?
✔️The early buyers and insiders who sell at the peak
9. How do scammers create hype around a pump-and-dump coin?
✔️By using fake influencers, promotional tweets, and exaggerated price predictions
10. What is the main sign that a dump is about to happen?
✔️The price starts dipping after a rapid rise, and influencers go silent
11. What is the safest way to avoid being scammed in crypto?
✔️Understanding market manipulation, avoiding hype-driven investments, and doing independent research
12. What is a pump-and-dump scheme?
✔️A fraudulent strategy where a coin is hyped up and then dumped for profit
➡️Task: "How Celebrities Are Secretly Controlling the Crypto Market!"
1. What was the main reason many NFT projects collapsed after celebrity endorsements?
✔️The hype faded, and there was no real utility behind them
2. What was one of the main trends celebrities hyped up before crypto meme coins?
✔️NFTS
3. Why do celebrity-endorsed crypto projects keep happening?
✔️Because people keep falling for them, creating new opportunities for manipulation
4. How do celebrities usually get paid for promoting a crypto project?
✔️They receive large amounts of the token before the public knows about it
5. What should you do when a celebrity promotes a new crypto coin?
✔️Be skeptical and do your own research before investing
6. What typically happens after a celebrity-backed coin pumps?
✔️The celebrity sells their holdings, causing the price to crash
7. Why do celebrity-endorsed coins often rise in price quickly?
✔️Because their large fanbase rushes to buy after the endorsement
8. How do celebrities usually react when they are accused of pump-and-dump schemes?
✔️They disappear from the conversation or deny responsibility
9. Which of the following is a warning sign of a celebrity-backed crypto scam?
✔️Massive hype with little technical information
10. What is the safest strategy to avoid celebrity-backed crypto scams?
✔️Avoid investing in coins purely based on hype and endorsements
11. What is the main way celebrities manipulate the crypto market?
✔️They promote coins they secretly own and sell at a profit
12. What do celebrities often say after a pump-and-dump happens?
✔️"I never gave financial advice!"
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