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Bitfloorsghost
@bitfloorsghost.eth
hypothetically speaking say I had $30M worth of $Wif and proceeded to market dump it all in one clip while also having a max leveraged short open on an exchange. 1) would this work? 2) Is this legal? 3) If not how much jail time would I face?
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Shoaib🎩
@psydeffects
Dont think that would be legal at-least looking at the possibility you put across!! Well wont you call that insider trading then? Asking..
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agusti
@bleu.eth
just lmk before so i can max leverage short it wif ya
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m00npapi ???? bro
@anonpapi.eth
1. Yea - sell clips <1% of volume; If you find and resistance, defend it with any clips you’ve sold for a session and then continue to dump 2. Yes, Arthur sends his regards 3. Move to the Seychelles
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h 🚬💹🧲
@houshawany
sounds like a profitable trading strategy
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Alex Mack 🏔️
@alexmack
I think the single clip would fuck your pnl. If you did a faster DCA while it has high enough volume I *think* that would do it and yeah the shorting would fucking juice your bags real good.
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Cooki
@cooki
1) Yes 2) Don't see how it's illegal, strictly speaking, but the law is malleable enough that if you paint a target on your back motivated actors can find some reason to put you behind bars, and make an example of you. Suspect they'd go with market manipulation in this case, even though it's a nonsensical concept imo. 3) Enough to make the next degen contemplating the same trade change their mind.
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chanel
@chxnxl.eth
1) theoretically: yes. 2) it’s not not legal I reckon. esp if you didn’t create the token. you’d be a market maker! 3) prob little to none bc you have a $30M lawyer budget!
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Powerless Hater 👊🏼⚔️
@hatehatehate
Licensed AML professional here. 100% result jail time for this action… if you get caught. 100 $degen
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GAL Solutions LLC
@hawk-tua
A whale that size wouldn’t actually need to sell, just saying that they might sell would cause a drop. But if you did, people would be big mad and the crypto sleuths would find you
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