[skybrian]

To be fair, Keeping a lot of stock for yourself and self-promotion is also how successful startup founders make money.

The pump and dump aspect is that the reasons given why anyone should value the token are flimsy. If they were solid then it would just be a good investment.

There is a mechanic at the heart of investment that, purified of anything resembling social worth, becomes a gambling game that people can play for fun, despite knowing that it has no other value.