DoomPosting
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Degens Deteriorating
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BREAKING: Trump signed an Executive Order establishing a first-of-its-kind "Sovereign Wealth Fund," which will invest vast amounts of money into national development projects like highways, new airports, etc

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DoomPosting
Solana presale for PAIN token has supposedly raised $8.8M Bets on whether this is real? πŸ„³πŸ„ΎπŸ„ΎπŸ„ΌπŸ„ΏπŸ„ΎπŸ…‚πŸ…ƒπŸ„ΈπŸ„½πŸ„Ά
$PAIN presale has raised over 144,000 $SOL, i.e. $31M

Upsides:

+ Same basic structure as the $BOME presale, an actual β€œfair launch” β€” unlike horribly structured pumpfuns, which are easily sniped and not remotely β€œfair” at all

+ Given the huge amount raised could have hugely thick liquidity and legitimately attract a Binance listing immediately IF these guys did everything right and are not morons β€” I.e. it actually very likely IS in their rational self-interest not to scam here… assuming they’re not total morons β€” but, some people are total scaming morons to the core, some people hold a zero-sum world belief no matter what, so who knows for sure what they’ll do

+ The raise shows the right basic classic shape β€” of an increasing amount being raised as the end nears

Main downsides:

+ ZERO reputational liability β€” unlike the BOME presale. They’ve invested zero reputation into this, and came out of nowhere, unlike $BOME had

+ ZERO assurances at all about what % they’ll put into the pool or buybacks or anything project related β€” which has become a big problem for some of these recent pure-meme ones

+ Very sus launch timing β€” Far more scam projects than legit projects choose to launch when the market conditions (e.g. fear & greed index) are bad, though supposedly these guys had been planning a launch since October? Still sus

Tough call

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Also very suspicious of their disclaimer β€” disclaimers have become suspcious lately, despite likely technically being legally prudent

And very suspicious of when of their β€œjoking” trash talking and mocking… that’s usually a serious red flag

Alltogher β€” extreme mix of positive and negative signals

Real tough call

gl

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DoomPosting
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Ok, a $SLERF reference

We’ll see if this goes the 3am launch path of $BOME and $MEW

Or screwup path of $SLERF

Or worse…

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