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@ Eric FJ
2025-02-15 22:46:34
They are…
These groups find “innocent” people who’ve made fledgeling meme coins + communities, promise to make a market for them, pump the coin, and leave them a profit. They make the memecoiners some money, but the market makers (cartel) keep the most. Oh and if they get caught, the memecoiner goes to jail and hasn’t a clue who they were really working with.
Have a friend who’s an excellent marketer make an “organic” meme coin. They approached him too. He avoided it because some of his friends already got busted. His “organic” coin went nowhere: he didn’t play the game.
Then, there’s the whole VC realm of market makers who look to “invest” in crypto projects and get early tokens. They basically are set up to do the same thing as the cartel but it’s “legal”. This is WAY BIGGER than the above (includes *Name Brand* firms) but operate in a legal grey area. Also criminal in my opinion… preying on naive founders.
We’re living through the era of ponzi infinity and it ain’t stopping soon I’m afraid.