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All moments › Michael Burry Is Getting Squeezed — And He Just Doubled Down

Host discusses how influencers profit from coin pumps using tracked wallets and large followings.

From Michael Burry Is Getting Squeezed — And He Just Doubled Down · jumps to 1:30:54 · speech

▶ Open at 1:30:54 on YouTube
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hundreds of thousands of people. Um so, yeah, I'm not that's not my game. No judgement on people who do that. Well, it's just not what I would do. You know? There's lots of big accounts that are doing this, by the way. Right? And that's how a lot of people make money on chain, whether they talk about it on Twitter to a huge audience, or they have a huge following on FOMO or pump fun, or they have wallets that are heavily tracked. That's exactly what they do. I mean, the game is very simple, right? Let's assume people are tracking my wallet. My wallet and they tag my wallet as main. And then I go and buy some coin that's got a 50k market cap and I acquire 10% of it or some [ __ ] right? Which is only $5,000.
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