I'm skeptical as to whether this news is real.
If anyone remembers the "buy, buy, buy!" and "sell, sell, sell!" host of Cramer's Mad Money.
Admission of market manipulationIn a December 2006 interview, Cramer described activities used by hedge fund managers to manipulate stock prices—some of debatable legality and others illegal. He described how he could push stocks higher or lower with as little as $5 million in capital when he was running his hedge fund. Cramer said, "A lot of times when I was short at my hedge fund ... When I was positioned short—meaning I needed it down—I would create a level of activity beforehand that could drive the futures." He also encouraged hedge funds to engage in this type of activity because it is "a very quick way to make money."[33]
Cramer stated that everything he did was legal, but that illegal activity is common in the hedge fund industry as well. He also stated that some hedge fund managers spread false rumors to drive a stock down: "What's important when you are in that hedge-fund mode is to not do anything remotely truthful because the truth is so against your view, that it's important to create a new truth, to develop a fiction."[34]
Cramer described a variety of tactics that hedge fund managers use to affect a stock's price. Cramer said that one strategy to keep a stock price down is to spread false rumors to reporters he described as "the Pisanis of the world," in reference to CNBC correspondent Bob Pisani, who Cramer insinuated was able to be manipulated, saying "You have to use these guys." He also discussed giving information to "the bozo reporter from The Wall Street Journal" to get an article published.[35][36] Cramer said this practice, although illegal, is easy to do "because the SEC doesn't understand it."[37] During the interview Cramer referred to himself as a "banking-class hero."[38]
https://en.wikipedia.org/wiki/Jim_Cramer#Admission_of_market_manipulation Markets have always been influenced by traders and hedge fund managers spreading false rumors to reporters(bolded above).
I wouldn't be surprised to learn million dollar purchases of NFTs were rumors accidentally reported as legitimate news. In an effort to manipulate markets and create a bubble (with profiteering opportunities) in crypto related assets.
Does anyone remember bitfinex/tether (USDT) accusations from 2017 where it was claimed stablecoins were utilized to fraudulently manipulate crypto markets, pushing bitcoin to ATHs? False rumors are published as real news sometimes, mistakes are made. It could be more common than we realize.
