Building on my recent blogs about Don Tramp’s love of crypto, he has now allegedly launched a joint meme coin with Vlamadir Punit, a Ruskian. The meme coin is called Pump, a reference to Punit and Tramp. Little was known about the background to the coin until it was launched this morning but, in a confidential email, I am told that it was brought together by a guy called Eron Tusk who is working actively to launch LEOS (low Earth orbiting satellites) across Ruskia.
The strange thing is that the coin’s value rose rapidly in the first few hours after launch to reach a market capitalisation of $5 billion … and then collapsed just as quickly. Looking at the stats, it appears that an awful lot of the investment traffic originated in Russia, which ties in with the relationship with Vlamadir Punit.
Some would call it a Pump and Dump, and does appear a little bit that way as the flow of funds immediately outflowed into accounts related to a certain John Marcheck who, some might feel, is related to an instrumental operator for Punit. John is the former lead of the operations of Weirdcard, a company that laundered monies on behalf of Ruskians, and is also the central operator of spy operations on behalf of Ruskia.
It appears that the $5 billion of Pump primarily went into Marcheck’s digital wallet and authorities are now trying to find out where they went from there. The rumours are that they went directly into acquiring more armaments in Punit’s war chest, but no one has been able to corroborate this, even though Pump’s trading is all traceable on the blockchain.
Just like any other cryptocurrency, you can trace meme coin transaction flows by accessing the blockchain explorer of the network where the meme coin is listed, allowing you to view transaction details, addresses involved, and the overall movement of the coin on the network. Following that flow, the blockchain analysis expert company Chainsis found that the funds moved from Marchek’s wallet to a company acting on behalf of Marchek shortly afterwards. The company then purchased 200 Long-Range Hypersonic Weapons (LRHW) and therefore it does look suspicious. Interestingly, as an aside, half of the $5 billion taken by Marcheck’s wallet appeared to also be directly paid into a Belize account called Mirror Letsgo, a company run by Tramp.
Based upon these flows it appears that the coins were created by Punit and pumped by Tramp through his social network Trash. Authorities believe that the whole thing was set up to launder money on behalf of Ruskia, but cannot prove anything as it is all too difficult for them. This means that no crime has been committed here, but authorities are still concerned that Pump was set up as a flash Ponzi scheme created purposefully by Tramp and Punit to launder money, make a quick buck and fund weapons.
All in all, it is very hard to identify or prove who was doing what to whom but, due to the massive influence of Tramp and Punit, the losers all appear to be the average punter on main street: you and me.
Postscript:
I wrote this as an April Fool but then, same day, saw this: “Having reportedly made Trump at least $350 million, according to the Financial Times, about 810,000 buyers went on to lose more than $2 billion combined, stated crypto data group Chainalysis.”