Secret memecoin Nasdaq takeover has a math problem

In a post that attracted over 800,000 views yesterday, a pseudonymous crypto trader claimed to have bought a ‘controlling stake’ in a NASDAQ-listed pennystock for $1.8 million with a quirky plan to squeeze short-sellers through the power of memecoins.

Dropping clues obviously intended to drum up interest in his bizarre investment, he announced tantalizing plans to tokenize his equity, pairing it with a memecoin, and launch a short-squeeze campaign against the ‘92.3%’ of the float that he claimed was already sold-short.

There was one problem with his wild tale, however. No such company exists.

A proposed Community Note on X correctly debunked the possibility that he could have bought shares in a company matching his description.

Three hours later, the attention-seeker admitted that he had fabricated some of those numbers, recasting his original post as intentionally obscure despite an otherwise sincere effort.

Delusional memecoin ‘trading’ of Nasdaq stocks

In this case, the backpedal is notable because it demonstrates a repeating pattern of misinformation about real stocks from crypto influencers.

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