Molly Conger

Exactly. It's 100% analogous to that. But in the case of these trading bots, you know, often they have insider information. They have the contract address before it's public so that they can be like split second on it to buy these tokens early. And then they usually dump them really early, too.

Exactly. It's 100% analogous to that. But in the case of these trading bots, you know, often they have insider information. They have the contract address before it's public so that they can be like split second on it to buy these tokens early. And then they usually dump them really early, too.

Exactly. It's 100% analogous to that. But in the case of these trading bots, you know, often they have insider information. They have the contract address before it's public so that they can be like split second on it to buy these tokens early. And then they usually dump them really early, too.

So, you know, if Millet tweets about a meme coin, the price shoots up within minutes of this thing launching. And within minutes, these snipers sell off and they make millions of dollars often in profits.

So, you know, if Millet tweets about a meme coin, the price shoots up within minutes of this thing launching. And within minutes, these snipers sell off and they make millions of dollars often in profits.

So, you know, if Millet tweets about a meme coin, the price shoots up within minutes of this thing launching. And within minutes, these snipers sell off and they make millions of dollars often in profits.

And it is that selling that often causes the price to crash right back down again, causing those average people who thought that they were early to be the ones basically subsidizing the folks who make millions of dollars off these launches.

And it is that selling that often causes the price to crash right back down again, causing those average people who thought that they were early to be the ones basically subsidizing the folks who make millions of dollars off these launches.

And it is that selling that often causes the price to crash right back down again, causing those average people who thought that they were early to be the ones basically subsidizing the folks who make millions of dollars off these launches.

Yeah. No, I know. And like people talk about, you know, oh, we need crypto regulations. Like you don't need any new regulations. Fraud is still fraud. Like stealing from people is illegal. But that's like a whole separate point.

Yeah. No, I know. And like people talk about, you know, oh, we need crypto regulations. Like you don't need any new regulations. Fraud is still fraud. Like stealing from people is illegal. But that's like a whole separate point.

Yeah. No, I know. And like people talk about, you know, oh, we need crypto regulations. Like you don't need any new regulations. Fraud is still fraud. Like stealing from people is illegal. But that's like a whole separate point.

Right. If you do it on the blockchain, crime is legal, apparently. Yeah. But yeah, so there's this really early scandal where it's like, oh, insiders are trading this token. Everyone's calling it a rug pull because that's like the colloquial term for when someone launches a project and then steals all the money. And it certainly looks like that's what's happening.

Right. If you do it on the blockchain, crime is legal, apparently. Yeah. But yeah, so there's this really early scandal where it's like, oh, insiders are trading this token. Everyone's calling it a rug pull because that's like the colloquial term for when someone launches a project and then steals all the money. And it certainly looks like that's what's happening.

Right. If you do it on the blockchain, crime is legal, apparently. Yeah. But yeah, so there's this really early scandal where it's like, oh, insiders are trading this token. Everyone's calling it a rug pull because that's like the colloquial term for when someone launches a project and then steals all the money. And it certainly looks like that's what's happening.

And so Millet very quickly distances himself from the project. He deletes the tweet that he made and he sends out a new tweet saying, basically, I didn't know anything about these guys. I don't really know what their project is. I just thought it was this, you know, cool thing that was going to support Argentinian businesses. I, you know, I renounced all affiliation with it, basically.

And so Millet very quickly distances himself from the project. He deletes the tweet that he made and he sends out a new tweet saying, basically, I didn't know anything about these guys. I don't really know what their project is. I just thought it was this, you know, cool thing that was going to support Argentinian businesses. I, you know, I renounced all affiliation with it, basically.

And so Millet very quickly distances himself from the project. He deletes the tweet that he made and he sends out a new tweet saying, basically, I didn't know anything about these guys. I don't really know what their project is. I just thought it was this, you know, cool thing that was going to support Argentinian businesses. I, you know, I renounced all affiliation with it, basically.

And then he, of course, like blames his political opponents for trying to weaponize this against him. And, you People being like, I can't believe you're taking advantage of this scam to come after my reputation. Oh, the protist made me do it. Oh, right. Exactly. He's like, this is all your fault somehow.

And then he, of course, like blames his political opponents for trying to weaponize this against him. And, you People being like, I can't believe you're taking advantage of this scam to come after my reputation. Oh, the protist made me do it. Oh, right. Exactly. He's like, this is all your fault somehow.