14 Tweets 25 reads Feb 03, 2024
The dark side of crypto:
How insiders just made $1.7M pumping and dumping dogwifhat🧵👇
(1/14)
$WIF has a market cap of $245M.
But it looks like the original meme creator, Issa, was upset he made no money from it.
So he decided to launch his own dogwifhat token, but on Ethereum...
And in one hour it hit a $40M market cap 🤯
But then @blknoiz06 called out Issa
Then people started questioning if Issa is even the creator of the dogwifhat meme.
The dog is not Issa's
He did not take the photo
He didn't come up with "dogwifhat" phrase
However, he did spread the meme early on.
But then X banned the dogwifhat account.
And then things took a weird turn when an old photo Issa posted resurfaced 💀
That's when dogwifhat started to crash.
But it looks like the crash was caused by insiders selling 😭
Even the charity wallet started selling 😭
Issa responded saying he was only selling so he could donate to charity.
However, the screenshot Issa posted showed that his metamask has 183 wallets.
Which is very suspicious.
That's where the story ends.
dogwifhat is currently at an $8M mkt cap.
And to me this looks like an obvious grift.
But I guess we'll see what happens next.

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