So is there a peg or not?
Is it just "correlated" now?
Let's assume the SC has some feature or other, faster, more private, whatever it is doesn't matter, we can pick whichever one is most successful and has the most liquidity at the moment to take advantage of the time premium and do this.
The feature, increased utility or existing adoption do not matter.
What you need to demonstrate is how your "pump" increases the demand for this feature. I believe they are NOT at all correlated
Because remember, the prices are pegged, therefore one can ride your "pump" on BTC or scBTC. You cannot pump the adoption of your scBTC through speculation and the feature is already existent and does not "improve"
No demonstration is needed of this.
Demand for scBTC is unimportant to price if they are pegged, right? By creating demand for BTC, scBTC price must also rise because of the "peg" The confirmation time makes instant (exchange-traded) coins more valuable than SPV derived.
Just pick whichever scBTC is the most popular and go from there.
If there isn't sufficient exchange demand, then pick the 2nd most popular, and continue.
Demand for scBTC is absolutely important to your "pump & dump". You argue that you will be able to unload a bunch of scBTC to fiat. There needs to be an increase in demand for scBTC to do so.
Unlike with regular altcoins you cannot create "speculative" demand because the peg allows people to ride your "pump" holding BTC if they chose to do so. For that reason, the whole pump & dump scheme is ineffective.
In fact, if people prefer the "exchange-traded" version of scBTC then it is possible that this could work against your theory : people would no longer convert BTC to scBTC but buy the ones available on exchange.
Furthermore, the scenario is even less probable when we consider that fiat might become irrelevant with the rise of BTC.