this post was submitted on 06 Apr 2025
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The DC Short (www.youtube.com)
submitted 2 weeks ago* (last edited 2 weeks ago) by [email protected] to c/[email protected]
 

On the 5th of January 2022, a journalist from the Democracy Daily broke a story about the DC's stock exchange—the Onyx—which had a market cap of US$10,000. It was asking for donations from citizens and government officials because it was having liquidity issues.

When the headlines reached investors, they freaked out and started panic-selling on the stock exchange. Sell orders for company stocks and cryptocurrencies soon flooded the market as traders tried to desperately dump everything they had.

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