Venmo in collaboration with institutional crypto pump and dump


​ Screenshot of promo offer ​ Notice the date the offer ends. September 30th seem familiar? Like any other deadline? In this article, ” Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren both said they would divest any holdings of individual stocks by Sept. 30 and put the proceeds into index funds or cash. ” ” It also triggered a record surge of asset prices following a crash early in the pandemic. Between the Fed’s efforts and trillions of dollars in government spending approved by Congress, the S&P 500 Index (.SPX) has more than doubled from its pandemic low on March 23, 2020 and is about 30% above the high hit in the previous month. ” After record-breaking gains, they are NOW deciding to sell all personal holdings as we are on the eve of a market crash for “ethical” reasons. Nice one. In short, I’m speculating that Venmo is at least one of several avenues being used to help large institutional crypto holders to pump crypto assets before the subsequent dump that I’m betting we’ll see after September 30.


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