The recent price pump was due to XMR getting dumped by Binance. Darknet market operators have had to dump XMR. They need clean BTC so they'll dump XMR across multiple exchanges into various bags of shitcoins, Tether then reprints money out of thin air to cover the inflows into the exchanges because the shitcoins have never provided any liquidity into the exchanges, the cartels sell their shitcoins after the pump and move into Tether which doesn't keep records for audit and then they trade Tether into BTC.
They will sell the BTC into fiat soon and it will wind the price back to around the same amount before it just pumped.
Tether & BTC cartels skim the trades with their wash trading exchanges to make their cut of the action. The BTC cartels write articles for MSM to consume that suggests investors are pouring into BTC because ETFs are running hot or some other nonsense. Laser eyes and Crypto twitter make graphs covered in lines suggesting resistance levels have been broken and moon is coming! Bots then flood every thread suggesting everyone buy shitcoin to cover why random shitcoin #120304 just pumped 150% for no reason at all.
What the chain says
- Block
- 830 706
- Time
- 2024-02-08T22:53:06Z
- Signer
- 15AMMcYyWaje9wV4kCvdhzfrUbNM9TeM5W
- App
- twetch
- Type
- post
- Content type
- text/plain
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
15AMMcYyWaje9wV4kCvdhzfrUbNM9TeM5W Verified