“We've been ranging for months.”
No.
The hype of people getting super rich on Pumpfun coins has been 95% fake influencer lies.
There HAVE been numerous coins where many regular people have made outrageous returns on,
$boden, $BOME, etc
— But practically none of those that many regular people have gotten rich on so far were pumpfun coins
Those few that had moderate success, $MOTHER, $BILLY, were those who BYOB’ed their own massive cabal or fanbase, hardly pumpfun success stories.
And then the more recent ones who brought a large fanbase, and tried to use a pumpfun-like platform to launch, e.g. $BAKED — got predictably absolutely wrecked, in large part by the launching market cap being statically fixed at the same low cap for all projects, and FAR too low for projects who bring their own big backing, and so get predictably instantly drained — same as what happens in tradfi, if IPOs are ever priced too low.
And this doesn’t even really get into why pumpfun had horribly broken incentives, destined to drain crypto as a whole, from the start.
Anyone who’s not a total scammer or moron has been frequently hating on pumpfun since day 1.
No.
The hype of people getting super rich on Pumpfun coins has been 95% fake influencer lies.
There HAVE been numerous coins where many regular people have made outrageous returns on,
$boden, $BOME, etc
— But practically none of those that many regular people have gotten rich on so far were pumpfun coins
Those few that had moderate success, $MOTHER, $BILLY, were those who BYOB’ed their own massive cabal or fanbase, hardly pumpfun success stories.
And then the more recent ones who brought a large fanbase, and tried to use a pumpfun-like platform to launch, e.g. $BAKED — got predictably absolutely wrecked, in large part by the launching market cap being statically fixed at the same low cap for all projects, and FAR too low for projects who bring their own big backing, and so get predictably instantly drained — same as what happens in tradfi, if IPOs are ever priced too low.
And this doesn’t even really get into why pumpfun had horribly broken incentives, destined to drain crypto as a whole, from the start.
Anyone who’s not a total scammer or moron has been frequently hating on pumpfun since day 1.
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Pumpfun so far has collected $88 million in fees, dumped half.
Not to mention the possibly billions(?) that have been drained from retail to scammers via pumpfun over the past months,
due to their poorly structured, poorly incentivized mechanism that heavily incentivizes repeated draining attacks
Not to mention the possibly billions(?) that have been drained from retail to scammers via pumpfun over the past months,
due to their poorly structured, poorly incentivized mechanism that heavily incentivizes repeated draining attacks
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