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Crypto Conspiracy Part 4: Pump and Dump

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Manage episode 470549936 series 2686288
Content provided by Zev Shalev. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Zev Shalev or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Dear friends, As of March 1, 2025, "Narativ with Zev Shalev" video and audio podcasts now premiere exclusively at Narativ.org or at Patreon.com/narativ, and most are free with no ads. Ad-supported podcasts are posted here a week or two after their premiere. Sign up to our mailing list to receive free updates, exclusive articles, and every show as it happens, ad-free. It's the very best way to get tomorrow's news today, directly from me. Why wait for your news? Go to narativ.org and sign up today. It's free. Thank you for your support. Z

As 25 major cryptocurrency figures gather at the White House tomorrow for a summit on establishing an American crypto reserve, our Narativ investigation has uncovered a deeply troubling pattern: three coordinated "pump and dump" operations that have transferred billions from ordinary Americans to a select few insiders with direct ties to Donald Trump.

The December 5th Diversion

The first operation occurred on December 5th while the nation was distracted by the assassination of the UnitedHealth CEO. In this carefully orchestrated sequence, Trump appointed David Sacks as "Crypto Czar" and Paul Atkins as SEC Chair – both staunch crypto advocates. Bitcoin surged from $70,000 to $108,000 before dropping to $85,000, generating an estimated $700 million windfall for Elon Musk's companies Tesla and SpaceX, which hold substantial Bitcoin on their balance sheets.

As economist Peter Schiff noted in our exclusive interview, "If they were doing this with securities, they'd be in jail. But because these things are not securities, they just say they're collectibles. The pump and dump and insider trading or stock manipulation, none of that applies."

The Meme Coin Massacre

The second operation centered on the Trump and Melania meme coins launched just before the inauguration. Our investigation revealed that a mere 31 traders collected $675 million in profits while more than 800,000 investors lost a collective $2 billion – a staggering winner-to-loser ratio of 1:25,806. Meanwhile, the Trump family reportedly pocketed approximately $100 million in trading fees alone.

The pattern is unmistakable: a 12-hour gap between the contract creation and public announcement provided insiders ample time to accumulate tokens at pennies on the dollar before the coordinated public push drove prices up nearly 40,000%.

The Strategic Reserve Ruse

The third operation unfolded just last Sunday when Trump announced on Truth Social that "a U.S. Crypto Strategic Reserve will elevate this critical industry" and specifically mentioned three cryptocurrencies: XRP, SOL, and ADA.

As Schiff observed, "Donald Trump did not write that. I would bet almost anything that he had nothing to do with writing that post. There's no way that Donald Trump knows that ADA is the symbol for Cardano."

The post – suspicious in both its timing and content – triggered immediate price spikes in the mentioned cryptocurrencies. Bitcoin shot up to $95,000 before quickly falling as investors realized the announcement was merely promotion for the upcoming summit rather than concrete policy.

"They timed that, they shot the price up, and then they started selling," Schiff explained. "I bet they made hundreds of millions. These three coins were up 30, 40, 50% initially. Of course, it was a rug pull."

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556 episodes

Artwork
iconShare
 
Manage episode 470549936 series 2686288
Content provided by Zev Shalev. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Zev Shalev or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Dear friends, As of March 1, 2025, "Narativ with Zev Shalev" video and audio podcasts now premiere exclusively at Narativ.org or at Patreon.com/narativ, and most are free with no ads. Ad-supported podcasts are posted here a week or two after their premiere. Sign up to our mailing list to receive free updates, exclusive articles, and every show as it happens, ad-free. It's the very best way to get tomorrow's news today, directly from me. Why wait for your news? Go to narativ.org and sign up today. It's free. Thank you for your support. Z

As 25 major cryptocurrency figures gather at the White House tomorrow for a summit on establishing an American crypto reserve, our Narativ investigation has uncovered a deeply troubling pattern: three coordinated "pump and dump" operations that have transferred billions from ordinary Americans to a select few insiders with direct ties to Donald Trump.

The December 5th Diversion

The first operation occurred on December 5th while the nation was distracted by the assassination of the UnitedHealth CEO. In this carefully orchestrated sequence, Trump appointed David Sacks as "Crypto Czar" and Paul Atkins as SEC Chair – both staunch crypto advocates. Bitcoin surged from $70,000 to $108,000 before dropping to $85,000, generating an estimated $700 million windfall for Elon Musk's companies Tesla and SpaceX, which hold substantial Bitcoin on their balance sheets.

As economist Peter Schiff noted in our exclusive interview, "If they were doing this with securities, they'd be in jail. But because these things are not securities, they just say they're collectibles. The pump and dump and insider trading or stock manipulation, none of that applies."

The Meme Coin Massacre

The second operation centered on the Trump and Melania meme coins launched just before the inauguration. Our investigation revealed that a mere 31 traders collected $675 million in profits while more than 800,000 investors lost a collective $2 billion – a staggering winner-to-loser ratio of 1:25,806. Meanwhile, the Trump family reportedly pocketed approximately $100 million in trading fees alone.

The pattern is unmistakable: a 12-hour gap between the contract creation and public announcement provided insiders ample time to accumulate tokens at pennies on the dollar before the coordinated public push drove prices up nearly 40,000%.

The Strategic Reserve Ruse

The third operation unfolded just last Sunday when Trump announced on Truth Social that "a U.S. Crypto Strategic Reserve will elevate this critical industry" and specifically mentioned three cryptocurrencies: XRP, SOL, and ADA.

As Schiff observed, "Donald Trump did not write that. I would bet almost anything that he had nothing to do with writing that post. There's no way that Donald Trump knows that ADA is the symbol for Cardano."

The post – suspicious in both its timing and content – triggered immediate price spikes in the mentioned cryptocurrencies. Bitcoin shot up to $95,000 before quickly falling as investors realized the announcement was merely promotion for the upcoming summit rather than concrete policy.

"They timed that, they shot the price up, and then they started selling," Schiff explained. "I bet they made hundreds of millions. These three coins were up 30, 40, 50% initially. Of course, it was a rug pull."

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  continue reading

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