Is changing a website logo to spike a shitcoin market manipulation?
Elon musk changed the twitter logo to a doge which resulted in the 20%+ spike that we are seeing right now. Is this considered market manipulation. Like if he changed his logo to a bitcoin and that all of the sudden spiked and sold the profits would that be manipulation?
I would say it is, but in the world of crypto who would enforce it? I don’t think crypto has rules against this since it’s not necessarily regulated. i know that crypto is a lot less regulated than stocks, but still.
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