DDoS attack? Seems likely.
BRC20 degens pumping and dumping. But sure it can be coordinated to attack btc as well.
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Who is buying tho?
Retail
Retail is buying the shit. The scammers collect their btc.
How does it work? How do you sell 1 sat for 10M sats?
Not sure but similar to ethereum they mint shitcoin tokens on top of bitcoin and sell it?
