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Shoutout to Famous Variety who has a lengthy post on tokenized stocks being used to his on X - go read it at https://x.com/FamousVariety/status/1849848854478520769. Here are some important bits they picked up on:
2019 date for the tokenized shares 2 year Hwang bullet swap makes sense for why they shut the buy button off during the sneeze given that we’re talking up to 2 billion fake “locates” out of less than 100M shares at the time.
The 1B tokens cropping up in May during RKs return have the “ticker” GSTOP which you can look up on coin market cap, and contract # 0xdd157bd06c1840fa886da18a138c983a7d74c1d7. You can search the transfers for this particular flavor of dogs#~t wrapped in bat guano here: https://etherscan.io/token/0xdd157bd06c1840fa886da18a138c983a7d74c1d7. This is how they crushed the May/June mini sneeze.
2B “GME.cx” tokens created in 2019 can be found here: https://etherscan.io/token/0x79f9ef8429b24e3cb0929eaaa5fabfcc3b15f86d
This clarifies to me why they had to shut it off in 21 given the magnitude of sneeze with up to 20x the total shares shorted in 2019 and clears up the mystery on how the SHFs are able to keep tamping the price down.
Some of you might be saying “but stepbro, how can they swap these shitcoins for actual GME when they trade at such low prices relative to the underlying?”
my answer to that is “ever used a deposit slip? Like when you rent a car? Cuz what your seeing price wise for the tokens is most likely the value of that paper deposit slip itself not the other legally binding terms and conditions which give the rental company the right to debit your account when you total it”.
The obfuscation from us regulatory works something like swaps from a tropical tax haven to Malta/luxembourg to Germany to US - or made up token like FTX’s swapped for a more popular digital currency, then to tether then to US equity markets - regulatory arbitrage in a nutshell by repeatedly switching the dogshit for progressively“safer” collateral as you get closer to US markets.
Again thanks to Famous Variety for his thorough research on this.
🏴☠️🏴☠️🏴☠️🏴☠️🏴☠️
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