<story><title>I watched a friend of mine pump a shitcoin on Binance by buying billboards</title><url>https://twitter.com/FatManTerra/status/1546791981032030208</url></story><parent_chain></parent_chain><comment><author>SilverBirch</author><text>What I really don&amp;#x27;t understand about this shitcoins is the scale of it. When I read this story I basically thought &amp;quot;ok, but you&amp;#x27;re going to spend a load of money pumping but there&amp;#x27;s no way there&amp;#x27;s liquidity for you to actually perform your dump&amp;quot;. But if you look up DOCK today you&amp;#x27;ll see its market cap is $14m and it&amp;#x27;s daily traded volume is $1.5m. I would get it that you could move some of these coins using a few bill boards and some sponsored ad reads if they were tiny volume traded, but the implication of this is that millions of dollars are moving back and forth every day on a coin that has absolutely nothing going for it. Who is doing that? There can&amp;#x27;t possibly be retail moving in and out of this stuff. Really I kind of assume this all has to be wash trading right?</text></comment>
<story><title>I watched a friend of mine pump a shitcoin on Binance by buying billboards</title><url>https://twitter.com/FatManTerra/status/1546791981032030208</url></story><parent_chain></parent_chain><comment><author>0xbadc0de5</author><text>I realize comparisons to Tulip Mania [1] aren&amp;#x27;t necessarily apt, but listening to the home improvement contractor I hired explain his crypto strategy certainly did leave me with that &amp;quot;peak bubble&amp;quot; vibe [2].&lt;p&gt;[1] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.investopedia.com&amp;#x2F;terms&amp;#x2F;d&amp;#x2F;dutch_tulip_bulb_market_bubble.asp&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.investopedia.com&amp;#x2F;terms&amp;#x2F;d&amp;#x2F;dutch_tulip_bulb_market...&lt;/a&gt;
[2] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;archive.fortune.com&amp;#x2F;magazines&amp;#x2F;fortune&amp;#x2F;fortune_archive&amp;#x2F;1996&amp;#x2F;04&amp;#x2F;15&amp;#x2F;211503&amp;#x2F;index.htm&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;archive.fortune.com&amp;#x2F;magazines&amp;#x2F;fortune&amp;#x2F;fortune_archiv...&lt;/a&gt;</text></comment>