As I'm sure many are aware, we just went through a mini bull run with shitcoin season and many new tokens were popping up everywhere. It seems to have died back down recently, but there was one story that seems to be ongoing.
People are betting excessive amounts of money on some hamster token, and this token went up 100x overnight when people began watching the races. It turns out, they just replayed the same exact video over and over and just changed the names of the hamsters.
When people caught on, the token plumetted 80% from ATH. The devs then said they would purchase new hamsters and begin new races, and the token proceeded to 75x from its low.
2021 was my first bull market, and this is my first bear. Is something like this bullish for the market or are we in for darker days and a cold winter?
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