Odd Lots
I Just Watched Two People Make Me a Crypto in Less Than 10 Minutes
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If you haven’t yet, you should really go read this story from my colleagues Misyrlena Egkolfopoulou and Charlie Wells about the crazy world of pump-and-dump memecoin cryptocurrencies. It’s wild. It’s shady. And some people are making a ton of money. This is a recurring feature of the crypto market in which, when the bull market gets old, people start creating their own coins to match the public’s insatiable demand for things to speculate on.
Earlier this week, after I expressed interest in the subject on Twitter, someone launched a coin and got it trading within 45 minutes.