@_Ordihood_ why did 32M of those bought back tokens go to 3 side wallets that are dumping them into the pool? all funded by the same wallet as the deployer
@bluekirbyftm choosing exposure over protection when it comes to these devs. It’s better to shed light than guard the shadows.
few understand - dumpppp it
@bluekirbyftm It's wild how yall got selective vision for the sake of protecting your bags. I get it, genuine mistakes happen, but this wasn't one. Time to call out these devs, not cheer them on.
Airdrops went from rewarding early users during the @Uniswap days to being a magnet for leeches masquerading as “community members”
Entitled leeches create noise on public forums to pressure teams to give out free money, then hop to the next project once they got what they came for
Points is the revenge plot from founders tired of being bullied by anons. A way to farm the leeches
Both do little to grow crypto adoption
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On Feb 2nd we’ll be giving back to our Solana OGs with a Retroactive Diamond Drop to account for historic activity going all the way back to 2021.
For Magic Ticket owners
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Over the next few months, we’ll be bringing our rewards program cross chain. Great news is we’ll honor past, present and future activity on our marketplaces across Solana, Bitcoin, Ethereum, and Polygon.
Our Magic Eden Wallet will go live soon. We’re working on integrating rewards right into the wallet so you’ll be able to start earning Diamonds there as well at a later date after launch.
Our long term goal is for Magic Eden to be 100% open source with IP governed by the community. With 99% of internet users having never owned an NFT, we’re on a mission to close the gap and bring the masses to NFTs. We’re proud to be handing over our protocols to @Non_FungibleDAO and excited to see the $NFT token holders community build something amazing.
just discovered a huge meme tokens farm on @solana that makes thousands $SOL per day, here's some investigation and proofs 👇 (not a classical liquidity rug pull)
It was 2AM, I was poking at @jito bundle explorer and randomly found a very interesting bundle containing transactions in the following sequencing:
- create liquidity pool on raydium for meme token
- buy meme tokens for X $SOL from account A
- buy meme tokens for Y $SOL from account B
- buy meme tokens for Z $SOL from account C
- send jito tip
So basically, this user launches a token, adds liquidity, and get first 3 buys, user always buys first and always gets the lowest price, since suspect uses jito bundles that has the following gurantees:
- transactions in a bundle and they are guaranteed to execute in order
- bundles execute atomically within the same slot
- bundles can only contain successful transactions. If any transaction in a bundle fails, no transactions in the bundle will make it on-chain
Some bundle proofs:
https://t.co/Oat7GAIDbT (He made >300 $SOL profit from this one)
https://t.co/CaAUZ4AT59
https://t.co/xkvd8tutOg
It was hard to find out how many tokens were created by this farm, but I've randomly pasted one of their wallets in one of the tg channels that monitors new pools and I was shocked(see video in next tweet), he launches tokens every 10 minutes(!). Every of them has a twitter, telegram channel, website, unique logo, description and so on. Every token looked like a complete conveyor belt.
Here's examples of such tokens:
https://t.co/Y8OIA4AdM5
https://t.co/ObDLsDYMY7
https://t.co/0XbsxiVA89
Why do I think same person created all meme tokens of this kind?
- all tokens share the same pattern
- same wallets are always the first buyers and top holders
- wallets doesn't spam any other tokens
- no classical liquidity rug pull, but more sophisticated selling
- high jito bundle price, he definitely doesn't want anyone else to win the auction
What I didn't understood is the why he uses CPI in his custom on chain program to perform raydium swap in buy transactions. Last instruction invokes program GzHeu1BN5gVTptHfgG7M97h4MbXASpFAJ9kCpLwfbbFs which invokes raydium amm program. Here's tx example: https://t.co/jdpsLeKJvZ
(please lmk if you know why)
And a small ⚠️warning for anyone who trade meme tokens, be careful if you see the following wallets in first entries or top holders:
DSFKVirxG12iBnFKGJAp1d9es9MQDCTCvv3omNZ4ULDE
96NYJAPoBrBG5oDkKfk8cQa2EiuwFWCX9y8EkhhxEs9v
9Vzuss6ppr67FwCfD5AEhhkknKtB8KkAPq9zpY2xt7t6