What Is a Scam-Grab?
A scam-grab (similar to 'land-grab') occurs when a new innovation, technique, tool, meta or technology enters the crypto market, conditioning participants to adopt a higher time preference due to its profitability and their greed (e.g., new coin meta, rapid creation of new coins and their potential profitability, and overall PumpFun runners).
From the scammer’s perspective, a scam-grab represents a massive opportunity to exploit market greed. This leads to a prisoner's dilemma-style race, where scammers rush to extract as much capital as possible before the opportunity disappears.
A scam-grab (similar to 'land-grab') occurs when a new innovation, technique, tool, meta or technology enters the crypto market, conditioning participants to adopt a higher time preference due to its profitability and their greed (e.g., new coin meta, rapid creation of new coins and their potential profitability, and overall PumpFun runners).
From the scammer’s perspective, a scam-grab represents a massive opportunity to exploit market greed. This leads to a prisoner's dilemma-style race, where scammers rush to extract as much capital as possible before the opportunity disappears.
"I missed out on the Trump coin, it turned into a scam-grab with all the other ones being created."
"This new crypto bird animal meta quickly turned into a massive scam-grab."
"This new crypto bird animal meta quickly turned into a massive scam-grab."
by FranklinsCrypto February 18, 2025