In a post that attracted over 800,000 views yesterday, a pseudonymous crypto trader claimed to have bought a ‘controlling stake’ in a NASDAQ-listed pennystock for $1.8 million with a quirky plan to squeeze short-sellers through the power of memecoins.

Dropping clues obviously intended to drum up interest in his bizarre investment, he announced tantalizing plans to tokenize his equity, pairing it with a memecoin, and launch a short-squeeze campaign against the ‘92.3%’ of the float that he claimed was already sold-short.

There was one problem with his wild tale, however. No such company exists.

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