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Spez and the whole Reddit company culture seem to be very in touch with the whole crypto ~~scam~~ industry. I wouldn't be surprised if Reddit admins moderate the crypto sub part time and they got in on this.
I get the feeling Spez and other Reddit execs tried for years to make money out of reddit seeing only modest returns, then crypto comes on the scene and with conversations on Reddit being a large part of the success. Crypto grifters get in, pump, dump and cash out rich. Spez and other Reddit execs are looking at each other shocked saying "WTF just happened!? A bunch of folks just used the platform we built to get rich and we're still not! How can we do the same thing they did?"