Over the past three years VCs have invested billions into essentially worthless crypto companies. They’re now holding giant bags of tokens that need to be dumpe

Over the past three years VCs have invested billions into essentially worthless crypto companies. They’re now holding giant bags of tokens that need to be dumped on retail ASAP. If Coinbase’s shitcoin listing operation were shut down by the SEC, the VCs would lose their primary dumping endpoint to retail crypto buyers in the West. There’s an urgency to both pump up prices now and to pretend that the SEC action is nothing.