“Dump it” refers to the act of selling off a cryptocurrency rapidly, usually at a lower price, in response to market fluctuations or negative news. This can happen when investors panic during a market downturn, leading them to unload their holdings to minimize losses.The term can also be associated with “pump and dump” schemes, where a group artificially inflates the price of a coin through misleading promotions. Once the price is raised, these individuals sell off their assets at the peak, resulting in a significant loss for those who bought at the inflated price.When someone says “dump it,” they might also be advising others to sell their assets to avoid potential future losses. This behavior is often driven by fear, market sentiment, or strategy changes and can contribute to increased volatility in the cryptocurrency market. Overall, it highlights the emotional and speculative nature of investing in digital currencies.