Scammers create fake political meme coins like USA Strategic Reserve and Oil Reserve, hype them up, then dump their massive holdings to crash the price to zero. The speaker warns these are doomed but notes traders might catch quick profits before the collapse.
It's time to expose some more crypto people. There is a group right now creating these political meme coins and they are trying to push them as if they are official. These are not official and it is ran by a scam group. It is a group of these people who make these coins consistently and they align it with a political narrative that's going on at the time, and then they push the coin as if it's some official USA Strategic Reserve, Oil Reserve, the Iron Dome coin, all this stupidity. Do not believe these. These will end up at zero. But I will say, some of these are good opportunities to trade. So get in and get the heck out, because they will dump on your head. If you look at the top traders on these coins, you will see them dumping hundreds of thousands of dollars. Every time that they run one of these scams, um, and by the way, it's a scam because they own the majority of the supply. So when they make the coin, they take a lot of the coin for themselves, uh, and then you, all the sheep, flood in, make the coin go up, and then they dump their supply that they got for free. They did not invest anything, uh, they got the tokens for free basically. So that's how it's a scam. So, you know, don't believe these. They are scams. They will go to zero, but you can get in and get out before they scam everybody.
