- Looks like I wasn't far off. Instead of dumps it's also possible they just keep pivoting to new meme coins.
- Am I wrong about this scheme? Create meme coin. Place 10% in pool for trading, 10% for float. Wait for a foreign nation/wealthy person to want to bribe you. Entity buys $X worth of the coin. Coin moons (maybe attracting more buyers) Sell Y% of your 80% holdings. Coin tanks. Buy back.