People don’t know what a rug pull is. If that was the plan, they wouldn’t have done the Melania thing. Better to unload slowly at the higher price instead.
The team behind this (with the backing of Orange) most likely had Melania announcement in their initial plan, and decided to go for it without realizing it would tank the value.
Most certainly, they didn’t expect the crazy market cap, but didn’t have time to readjust the plan.
So, what’s next? I’m certain we will see an ATH a couple of more times. This is a shit coin and a shameless display of mass manipulation at full display.
Elite level scamming going on, any idea how to abuse this shit on the expense of clueless MAGA voters?
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