While it’s theoretically possible in a highly volatile crypto market, such returns are rare and often come with high risks, scams, or manipulation.

The viral story claims the boy invested ₹7,000 in a cryptocurrency on a platform like Pump.fun and turned it into ₹25 lakhs. However, such claims are often exaggerated or manipulated to attract attention.

It’s about a 13-year-old reportedly making ₹25 lakhs from ₹7,000 by trading on Pump.fun. However, the platform’s pump-and-dump strategies raise questions about the legitimacy of this claim.

Most viral success stories are either exaggerated or fabricated to promote platforms or schemes. Exercise caution and verify claims before believing them.

Pump.fun is a platform where users can create and trade their own coins, but it is infamous for hosting pump-and-dump schemes that manipulate prices for quick profits.

In a pump-and-dump scheme, a coin’s price is artificially inflated (pumped) to attract investors, followed by a massive sell-off (dump), causing prices to crash and leaving most investors at a loss.

Pump.fun is widely regarded as a scam platform because it facilitates the creation of fake coins and manipulates trading volumes with bots.

These schemes benefit early investors who sell during the pump phase, while late investors suffer losses when the coin’s value crashes during the dump.

Pump and dump schemes are illegal in most financial markets, including India, as they involve fraudulent manipulation of asset prices.

Common scams include fake ICOs, pump-and-dump schemes, phishing attacks, Ponzi schemes, and rug pulls, where developers abandon a project after collecting funds.

Avoid platforms with unrealistic promises, research the team behind a project, check for transparent audits, and use trusted exchanges with regulatory compliance.

Yes, fake coins often manipulate investors with high returns during the pump phase, only to cause massive losses during the inevitable dump.

Scams on Solana are common due to its low transaction costs and high speed, which make it easier to create fake tokens and manipulate markets.

Early investors may profit, but most late participants face significant losses when the coin’s value crashes.

Use reputed platforms like Binance or Delta Exchange, enable two-factor authentication, research before investing, and avoid unregulated schemes.

Popular platforms include WazirX, CoinSwitch Kuber, CoinDCX, and Delta Exchange for derivatives trading.

Yes, Delta Exchange is considered reliable, focusing on derivatives trading and offering tools for hedging and leveraging positions responsibly.

Crypto trading is decentralized, operates 24/7, and is highly volatile, unlike stock trading, which is regulated, has fixed hours, and offers lower volatility.

Crypto options allow traders to speculate on price movements without owning the underlying asset. Trade on legitimate platforms and use strategies like Iron Condor to minimize risks.

Red flags include unrealistic promises of returns, anonymous developers, lack of audits, limited information, and high bot activity in trading.

Look for irregular trading patterns, extremely high trade volumes for unknown coins, and sudden price spikes followed by steep crashes.

Most losses occur due to scams, lack of knowledge, emotional trading, and falling for pump-and-dump schemes or speculative hype.

Risks include lower transparency, easier creation of fake tokens, and higher susceptibility to bot manipulation.

Consistent profits are challenging in cryptocurrency trading due to its high volatility. Success requires in-depth research, disciplined strategies, and risk management.