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

Host explains detailed grift mechanics: influencers buy low-cap coins, dump via side wallets while claiming holds.

From Michael Burry Is Getting Squeezed — And He Just Doubled Down · jumps to 1:31:45 · speech

▶ Open at 1:31:45 on YouTube
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Instantly, all the copy traders are going to buy this coin, right? And this thing now maybe it goes to like 2 mil. Okay? So, now I'm up like 30x on my $5,000 investment. Just on my main wallet. Meanwhile, they buy 10% on this wallet and then on their side wallet they buy another 10%, right? But they distribute it across five side wallets, each wallet buys 2% and as it's trading higher, they're dumping on the side wallet and then when the chart inevitably crashes cuz that's what these all do, they go, "Oh, I never sold. Look at my main wallet. I'm still holding all the tokens." Um and I mean, that's the grift.
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