[Workaccount2]

Who cares about $25bn?

These guys hacked the SEC, made huge announcement tweet, and only got a 3% move from that. More over, they only had a 10 minute window to close whatever positions they had before BTC crashed through it's pre-hack price.

There is a fair chance that they actually lost money on this play, lol.

[yreg]

The expectation is that the ETF is going to be approved very soon, so it's priced in.

[nullandvoid]

You can 100x leverage on a lot of sites, that 3% now = 300% gain.

As you say though 10 mins is a small window, but they could have easily set a Conservative stop on doubling their money with only a 1% gain.

[mekster]

This wasn't a pump and dump. If they wanted to, they should've posted about a rejection when it was 95% surely going to be approved and with a long squeeze happening along the way, they could've easily gotten a 10% movement down and back up.

[dannyw]

Should have tweeted something like filing charges against Ethereum for being an unregistered security.