Comment on Memecoins Are Coming to the Stock Market

• Endymion_Mallorn@kbin.melroy.org ⁨1⁩ ⁨month⁩ ago

  I understand where you're coming from, but that means they care about making sure that the number goes up, rather than fluctuating wildly. And they absolutely don't want rugpulls (unless they're the ones holding the rug). That's the kind of stability I'm talking about. No tycoon actually wants a free market, they want the regulations to make sure that they have a chance to corner the market and protect them against their enemies.

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  • Sanctus@lemmy.world ⁨1⁩ ⁨month⁩ ago

    They definitely only care that it fluctuates wildy while they bought on the low. As soon by them fleecing the actual stock market this entire year using his influence to raise and crash it.

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  • echodot@feddit.uk ⁨1⁩ ⁨month⁩ ago

    I suspect that this will actually just result in them doing a lot of pump and dump schemes. They will seem to be in it for the short term so they’re not interested in long-term stability since stability generally means small profit gains. Market instability is where the con artist thrives.

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