The Redditors banding together to wreak havoc on the market shorts and seemingly even bringing back AMC from near death is a fascinating experience. A by-product is CoinmarketCap.com recognizing r/WallStreetBets by commemorating the effort with a fake listing at the top of the CoinMarketCap rankings.
Listed as #0 at the top of the ranking, a non-existent coin, WallStreetBets, is listed, with a marketcap of $25B, below Tether and above XRP, #3 and 4, respectively.
Clicking on the "coin" takes you to a page set up, which notes (in smaller text than you might imagine):
All UR MeMes R belong to us and Charmander-marth!!!!!111. We seek alpha and master beta. Please note that this is a joke- no such asset exists. If you see similarly-named projects, please perform the requisite due diligence and do not ape into anything associated with this page.
The context of "All UR MeMes R belong to us" is a reference to a well-known and parodied meme before there were memes - ALL YOUR BASE ARE BELONG TO US (https://www.youtube.com/watch?v=8fvTxv46ano https://en.wikipedia.org/wiki/All_your_base_are_belong_to_us)
Clicking on Charmander-marth takes you to Youtube and Chamath Palihapitiya, CEO of Social Capital, discussing how he traded GameStop and what he thinks this means for the investment landscape going forward.
If you read the text, you see the goal was to educate the market, encourage due diligence, and not just jump into the hysteria.
There is certainly precedent for a counterfeit being set up for education. One of the best examples in this context is HoweyCoins (https://www.howeycoins.com/index.html). Designed to model everything ICO web sites WERE doing and naïve investors were buying, clicking in would take you to the US Securities and Exchange Commission (SEC) educating the visitor about the tell-tale signs of a scam.
What do you think? Does CMC setting a new coin, with instructions it is fake if you click through, help the less sophisticated investor? Does it instead muddy up the market and set up the opportunity for malefactors to take advantage of the unsophisticated investor by taking their money for this fast moving coin ... which doesn't exist, but CMC seems to say it does?
Is it just annoying to see false information on CMC, and push you toward CoinGecko, Coinstats or other sites?
