Billionaire cautions against Sunday night crypto pumps, calls it a "Jewish fakeout".

Billionaire cautions against Sunday night crypto pumps, calls it a "Jewish fakeout".

A prominent billionaire has cautioned investors against Sunday night crypto pumps, labeling the phenomenon as a "Jewish fakeout." The warning comes as the crypto market continues to experience volatile movements, with various projects showcasing significant gains and losses over the past week. According to the billionaire, these Sunday night pumps are often used to manipulate the market, leading to unsustainable price increases that can subsequently result in steep declines.

The billionaire's comments follow a series of market movements that have seen Ethereum overtaking Bitcoin in net capital inflows, according to recent reports [2]. This shift in capital flows suggests a growing interest in altcoins, with Ethereum's performance being particularly notable. Meanwhile, BlockDAG has emerged as a potential new crypto investment opportunity, with its trading dashboard and 2,660% ROI drawing significant attention [1].

Other market developments include the SEC's proposal for a joint US-UK crypto regulatory sandbox, which aims to align regulatory frameworks between the two countries [3]. Additionally, leading altcoins such as Sky, Hyperliquid, and Jupiter have announced strategic token buybacks for 2025 to bolster their market presence [4].

Despite these developments, the billionaire's caution serves as a reminder of the inherent risks associated with the volatile crypto market. Investors are advised to exercise caution and conduct thorough due diligence before making any investment decisions.

References:
[1] https://coinmarketcap.com/community/articles/6899408a071ea518c3f70981/
[2] https://coinmarketcap.com/community/articles/6899408a071ea518c3f70981/
[3] https://coinmarketcap.com/community/articles/6899408a071ea518c3f70981/
[4] https://coinmarketcap.com/community/articles/6899408a071ea518c3f70981/