I was thinking how about we all make up a community for crypto and maybe try such thing ? We all say that whales are manipulating the markets but we are not doing anything to tackle them.
The Gamestop thing was only possible because of the big players getting reckless with overleveraged shorting. This means there were simply not enough stocks in circulation for the short-sellers to buy to close their position, effectively making them cash cows.
This was not just a case of a bunch of people agreeing to pump up the price. Pump groups are a different story, are nothing new and always end up with those who came in late being dumped on and ending up in red.