What are crypto dumps?

A crypto dump is a sharp decline in the price of a cryptocurrency that occurs as a result of a one-time agreed sale of assets by a group of persons who previously artificially increased the price by buying it in bulk. Newbies in the field of cryptocurrencies, who are called “hamsters”, suffer from crypto dumps. Along with a crypto dump, a term such as “hamster haircut” is used, which implies that experienced traders make money on the mistakes of beginners who do not understand how the cryptocurrency market works.