什麼是加密價格操縱？

當硬幣衛星無處不在，然後墜毀時，它很少是純粹的市場魔術。

Crypto price manipulation is a pressing issue in the industry. It occurs when insiders or coordinated groups inflate or crash a coin’s price, not through real demand, but through smoke and mirrors. They might fake volume, spread hype, trigger fear, or pull sudden sell-offs — all to trap unsuspecting traders and walk away with the profits.

加密價格操縱是行業中的一個緊迫問題。當內部人士或協調的群體膨脹或崩潰硬幣的價格時，它是通過煙霧和鏡子來膨脹或崩潰的。他們可能會偽造數量，傳播炒作，引發恐懼或突然的拋售 - 所有這些都是為了抓住毫無戒心的商人，並帶走了利潤。

While in traditional finance, this kind of behavior gets you fined or jailed, in the world of crypto, it often flies under the radar. With light regulations and heavy emotions in play, the digital asset market has become a playground for manipulators, especially where liquidity is low and oversight is weaker.

在傳統金融中，這種行為使您被罰款或監禁，在加密貨幣世界中，它經常在雷達下飛行。隨著光線法規和強烈的情緒，數字資產市場已成為操縱者的遊樂場，尤其是在流動性低並且監督較弱的情況下。

The most common crypto market manipulation tactics

最常見的加密市場操縱策略

Scammers don’t need magic — they just need market psychology and a few tricks.

騙子不需要魔術 - 他們只需要市場心理學和一些技巧。

As the digital asset landscape expands, criminals have honed various crypto price manipulation tactics. Each tactic capitalizes on the market’s volatility and traders’ fear of missing out (FOMO).

隨著數字資產格局的擴大，犯罪分子磨練了各種加密價格操縱策略。每種戰術都利用了市場的波動性，而商人則害怕錯過（FOMO）。

Here are some of the most used:

這是一些最常用的：

Pumps and dumps: A group of scammers buys a small-cap altcoin and then uses hype to inflate its price. They might create fake news articles, get influencers to post about the coin, or bribe crypto YouTubers to make videos. The aim is to create FOMO among retail traders and pump the coin to astronomical highs. Once the price is high enough, the scammers dump their coins on the market, crashing the token and trapping any remaining buyers.

泵和垃圾場：一組騙子購買了一個小型替補幣，然後使用炒作來誇大其價格。他們可能會創建虛假的新聞文章，讓有影響力的人發布有關硬幣的信息，或者賄賂加密YouTuber來製作視頻。目的是在零售商人之間創建FOMO，並將硬幣泵送到天文高位。一旦價格足夠高，詐騙者就會將硬幣倒在市場上，崩潰了令牌並捕獲了剩餘的任何買家。

Wash trading: An individual or a small group trades the same cryptocurrency back and forth between two accounts on the same exchange to create false market activity. This is done to deceive other traders into thinking there is more demand for the coin than in reality.

WASH交易：個人或小組在同一交易所的兩個帳戶之間來回交易相同的加密貨幣，以創建虛假的市場活動。這樣做是為了欺騙其他交易者認為對硬幣的需求比實際上要多。

Short squeezes: A short position is a bet that a coin’s price will decrease. When a coin gets massively shorted, it creates downward pressure on the market as the short sellers try to profit from the decline. However, if the coin's price unexpectedly rises, the short sellers are forced to buy back the coins at a loss to limit their losses. This action is called "covering the shorts" and it can lead to a rapid price increase, Squeezing short sellers further.

短擠壓：一個較短的位置是押注硬幣的價格會降低。當硬幣大大短途短途時，隨著賣空者試圖從下降中獲利時，它會給市場造成向下壓力。但是，如果硬幣的價格出乎意料地上漲，則賣空者將被迫以虧損而回購硬幣，以限制其損失。該行動稱為“覆蓋短褲”，它可能導致價格快速上漲，進一步擠壓賣方。

Crypto market manipulation: A broader view

加密市場操縱：更廣泛的看法

One scam doesn’t just hurt victims — it damages the entire ecosystem.

一個騙局不僅傷害了受害者 - 它損害了整個生態系統。

Crypto price manipulation doesn’t happen in a vacuum. Every fake pump, every engineered crash, every orchestrated scam chips away at the foundation of the entire crypto ecosystem: trust.

加密價格操縱不會在真空中發生。每個偽造的泵，每一次工程的崩潰，每個精心策劃的騙局都在整個加密生態系統的基礎上：信任。

When retail traders — especially newcomers — get caught in a pump-and-dump or a whale-induced panic, the damage runs deeper than a single bad trade. Many walk away for good, disillusioned and angry, taking their money and optimism with them. The promise of open, decentralized finance starts to look like just another casino — rigged and unforgiving.

當零售交易員（尤其是新移民）被泵和雨口或鯨魚引起的恐慌陷入困境時，損失比單個不良交易更深入。許多人永遠走開，幻滅和憤怒，對他們帶來錢和樂觀。開放，分散財務的承諾開始看起來像是另一個賭場 - 操縱而無情的賭場。

And it doesn’t stop there. High-profile cryptocurrency frauds and price manipulation scandals light up the radar of regulators worldwide. Each incident becomes a case study in why crypto “needs to be tamed.” That means stricter rules, more compliance hoops and an overall slowdown in innovation. The free-spirited, experimental energy that drives crypto forward starts to feel boxed in.

而且它不止於此。引人注目的加密貨幣欺詐和價格操縱醜聞點燃了全球監管機構的雷達。每個事件都成為一個案例研究，為什麼加密“需要馴服”。這意味著更嚴格的規則，更多的合規性和創新的總體放緩。驅動加密前進的自由奔放的實驗能量開始感到坦率。

Meanwhile, legit projects — those building real utility, transparency and long-term value — struggle to rise above the noise. Scam tokens dominate the charts. Shady influencers flood timelines. The signal gets buried under waves of hype and deception.

同時，合法的項目 - 建立真正的效用，透明度和長期價值的項目 - 難以超越噪音。騙局令牌主導圖表。陰暗影響者氾濫時間表。該信號被埋葬在炒作和欺騙之波下。

In the end, crypto price manipulation doesn’t just hurt individual investors. It poisons the well for everyone — developers, communities and the future of the space itself.

最後，加密價格操縱不僅傷害了個人投資者。它為每個人（開發人員，社區和空間本身的未來）毒害。