> Is there just that much money sloshing around in the world chasing after these harebrained ideas?
No, it's probably based off market cap. Let's say I generate 100B tokens. I happen to con you into buying one for $0.01. Boom, the price of my token is $0.01 per coin, and I have 99,999,999,999 of them at a market cap of $1B. Only $0.01 of actual value has been exchanged, but I can now "exit scam" with $1B in supposed value.
In reality, they probably had a few million, maybe tens of millions at most. $660M is a ridiculous number, probably only achieved by factoring their stupid coin's market cap in.
No, it's probably based off market cap. Let's say I generate 100B tokens. I happen to con you into buying one for $0.01. Boom, the price of my token is $0.01 per coin, and I have 99,999,999,999 of them at a market cap of $1B. Only $0.01 of actual value has been exchanged, but I can now "exit scam" with $1B in supposed value.
In reality, they probably had a few million, maybe tens of millions at most. $660M is a ridiculous number, probably only achieved by factoring their stupid coin's market cap in.