whales, have caused a sell-off just below the $10,000 level. This demonstrated <strong>how the worth of the most prominent cryptocurrency in the world might drop in a matter of seconds.</strong></p>\n<p>Besides, it is possible that those whales then re-entered the market to purchase more cryptocurrency at a decreased value, which leads to massive gains.</p>\n<p>More importantly, dumping is probable when the price of a cryptocurrency frequently encounters an area of barrier.</p>\n<p>May of 2018, was when <a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin saw a strong rising trend that propelled it beyond the crucial number of $10,000. It swung about the $10,100 level many times until hitting a strong barrier of rejection at $10,200.</p>\n<p>Several elements have impacted the outcomes of numerous cases across time. 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Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":306,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Dusting Attack?","slug":"what-is-dusting-attack","section":"D","keyword":"Dusting Attack","status":"published","definition":"Dusting attacks occur when malicious individuals take advantage of users that don’t pay attention to the small number on their wallet address so they start “dusting” a big number of addresses by sending a few satoshis to them.","content":"<p>Dust refers to a small and unnoticeable quantity of coins or tokens. For instance, the smallest unit of <strong>BTC</strong> is 1 <strong><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-satoshi-sats/">satoshi.

/n

Dusting attacks, on the other hand, occur when malicious individuals take advantage of users who fail to notice the little number on their <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-wallet/">wallet address. They start <strong>\"dusting\"</strong> a large number of addresses by transferring a couple of satoshis to them.&nbsp;</p>\n<p>After that, they perform mixed research of those addressed in an attempt to figure out which ones are from the same crypto wallet.</p>\n<p>The attacker can use the dust transaction to keep an eye on the performance within the wallet effectively enough to get data about the identity of the owner. In other words, once the attacker has dusted the wallet, he will track information of the affected accounts and unmask what businesses or people are linked to it.</p>\n<p><strong>They can utilize the data in phishing scams as well.</strong></p>\n<p>An attack like this happened in 2019 when a big amount of dust transactions were made within <strong>Litecoin wallets.</strong> However, it didn&rsquo;t take long for identifying the source of the attack before major harm was done.</p>\n<p>Later, the attackers revealed themselves indicating that their aim was to advertise their <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining-pool/">mining pool</strong></a> to the Litecoin enthusiasts. Even though no harm was done, the event did showcase how easy it is to perform such acts. Similar attempts can easily be done specifically on Litecoin or even any other public blockchain.</p>","level":"easy","meta_title":"What is Dusting Attack? Definition & Meaning | Crypto Wiki","meta_description":"Dusting Attack meaning: Dusting Attack - Dusting attacks occur when malicious individuals take advantage of users that don’t pay attention to the small number on their wallet address so they start “dusting” a big number of addresses by sending a few satoshis to them.","meta_keywords":null,"language":"en","created_at":"2022-03-10T08:26:05.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-dusting-attack"},"prevSection":{"id":304,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Dump?","slug":"what-is-dump","section":"D","keyword":"Dump","status":"published","definition":"happens when a big amount of cryptocurrency is sold quickly with hopes of gaining a large profit.","content":"<p>A dump is a process in which a massive amount of cryptocurrency is sold off in fast succession, and in some occurrences, these sell-offs will influence the decrease of the particular asset. <strong>This is usually done by a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-whale/">whale.

/n

An actual dump can also be associated with the quick disposal of consumers' own cryptocurrency assets in order to benefit quickly. Furthermore, the phrase is frequently associated with <strong>a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-pump-and-dump-pandd-scheme/">pump-and-dump method</strong>. This method is always related to deceptive conduct and an effort to control the price of a coin artificially.</p>\n<p>For instance, a popular illustration of a dump and the impact it may have occurred in December 2017. Charlie Lee, the inventor of <strong>Litecoin,</strong> sold a significant quantity of LTC citing fears that it constituted a conflict of interest.</p>\n<p>Initially, the markets appeared unconcerned with the situation. Nonetheless, LTC plummeted down a red line and lost over <strong>50%</strong> of its value over the span of a few days. As a result, it took several weeks to regain the lost funds.</p>\n<p>Additionally, a 2018 research looked at the incidence of pump-and-dump strategies in the cryptocurrency market. Over the course of six months, investigators observed two prominent group-messaging sites used by cryptocurrency enthusiasts and discovered nearly <strong>3,400 such scams</strong>.</p>","level":"easy","meta_title":"What is Dump? Definition & Meaning | Crypto Wiki","meta_description":"Dump meaning: Dump - happens when a big amount of cryptocurrency is sold quickly with hopes of gaining a large profit.","meta_keywords":null,"language":"en","created_at":"2022-03-10T08:19:25.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-dump"},"currentChapter":"D","currentSection":"what-is-dumping","chapterTitle":"D","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-dumping","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">