Dear @PeterSchiff,
Since you posted this, it’s been quite a ride in the meme coin world.
1. Within 20 minutes, the gentleman you replied to had created the $OIL coin on @pumpdotfun and turned $500 into $100k
2. Within in an hour, $OIL generated over $100M in trading volume, much of which is generated by wash trading bots
3. In that same time, a derivative coin $GOLD was created as a vampire attack on the $OIL meme, branded with the same photo of you but referencing a post you had made over a month ago. You’ll see this one in your replies — being pushed by extractive influencers (KOLs) whose business model is accumulating a large supply of microcap coins for pennies on the dollar, shilling them to their followers, then dumping their supply into the buy volume they generate. Neat.
4. Within 2 hours, $OIL reached a $27M market cap and began a natural retracement, which is typically 60-80%
5. Just as the downtrend broke and the price had reversed, the $ALON coin (named after pumpfun founder @a1lon9) was pumping to over $200M, causing massive FOMO and a liquidity vacuum across the Solana meme market, causing traders to rush in and buy the top, selling off the $OIL market cap from $11M to $3M in a matter of minutes
6. Scammers took over the coin’s listing on @dexscreener, adding a link to a scam Telegram channel, causing confusion among holders and additional FUD, driving a further sell off to a low of $1.4M mc
6. Control of the @dexscreener listing has been taken back from the scammers, and the price of digital $OIL may finally be recovering
You lit quite the fuse today, Peter. Welcome to the trenches. Isn’t crypto great?
@SpencerKSchiff 👀
Plus que quelques heures pour avoir une chance de participer au tirage au sort @ShroomsCrypto X @xLucky1000 🕦 Une #AMA arrive avec l’excellent #P2E@ShroomsCrypto 🍄👀 déjà disponible sur #multiversX A vos tickets 🎟️ : https://t.co/rioBC1S4nC
Nounours et cryptomonnaies à Dubaï : le mauvais film de Kev Adams
Quelque 700 investisseurs ont perdu plus d’un million d’euros dans le projet de film d’animation « Plush », promu par la star #KevAdams. Mediapart révèle les points noirs de ce projet 👉 https://t.co/VSzgCvFeys
🔥FIGHTERS SHOWDOWN🔥
Round 1: Genesis cyber-yakuza clash
LOTUS clan 🪷 takes center stage today.
Each guild sends 3 of their elite COMMON rarity LOTUS cyber-yakuza warriors 🥷⚔️ into the fray!
#PlayToEarn
Ce soir 20h00 FR ( 19h45 pour les legendary & DAO )
#MINT @Elrond_Mafia disponible sur @xoxnoNFTs 🔥
Quel bâtiment aimeriez-vous avoir ? #AllForTheClan 🩸 #multiversX
💰Prix du mint : 2.5 #EGLD
🎟️ Supply : 1500 #SFT
"Je viens de vendre tous mes poissons d'avril en #cryptomonnaies. Maintenant, je peux les échanger contre des œufs de Pâques virtuels et des licornes arc-en-ciel sur le marché. Qui a dit que les poissons d'avril ne pouvaient pas être rentables ? 🐠🚀🌈 #poissondavril#nojoke
🧹Sweeping mode activated🧹
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LootBoxes will be dropped soon, with an Exclusive and Original Gift inside
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💡 Snapshot date : Between 27th March & 16th April
💎 RT + Follow to win 0.3 $EGLD
GM ✌️Bon week end à tous 🫶🏻
Si un beau samedi matin, vous vous réveillez avec un wallet à +50k$ sur quels projets ou cryptos allez vous investir? 👀
#Cryptocurrency#crypto#daily#DCA#btc#ETH
Sales of "OYABUN: First Blood" 🎲🃏 have exceeded our expectations!
Due to this amazing response 🔥 we've decided to halt sales tonight at 8PM CET.
We want to ensure stock for our upcoming international marketing campaign 🌎🚀
A massive thank you 🙏 to everyone