A lot of people think the story is that a memecoin caused a stock token to be 100x the offchain price.
That ain’t it. No one cares, and the market makers are just going to dump on you.
The story is the opposite: onchain demand for a stock token impacted offchain prices.
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Pumping onchain stocks so they depeg and market makers can mint stock tokens to dump on your heads is not bullish and you are literally giving them free money.
I don’t know how you guys have managed to be psyoped into thinking by pumping an illiquid on chain stock you are doing anything to the stock price other than allowing them to dump on you
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