$TWINE : What Happened?
Explained 👇🏼👇🏼👇🏼👇🏼👇🏼
Twine was an amazing piece of tech, but unfortunately, it was more like an experiment that failed.
What happened?
First off, no, the Dev didn’t hard rug. Instead, he failed.
How?
$TWINE had curtailed supply from each side to market make - but simply didn’t put aside enough.
What actually happened?
Opposite things happened on each chain.
SOL: Too many jeets, selling off so the tech was buying supply to keep the prices level ending up with way too much supply - which the dev ultimately burned (he could have literally rugged with the supply but he burned it - check Solscan)
RH: Too many bullish buyers, market maker ran out of supply
TDLR: RH market maker had to keep selling to level price with SOL jeet selloffs and ran out of tokens
What could’ve been different?
1. Market makers needed significantly more supply to keep up with the imbalances (I.e. 50% of each side, unlocked in phases after the initial amounts on either side finished)
2. Instead of launching $TWINE first, dev could have launched the pad as an experiment, kept making changes to the numbers until he was 100% confident it would work on large scale then launched flagship token.
Why didn’t he fix it?
Without supply, he simply couldn’t. The Hail Mary would’ve been to launch the new V3 deploys and funnel fees to try to keep $TWINE level but it probably still wouldn’t have worked.
Ultimately, Dev probably felt he had no choice but to take the X down instead of having to explain and ultimately leading to the same result, a huge drawdown.
What happens next?
A) Most likely - nothing
B) In a fantasy land with a Dev that has unlimited resources (best possible case scenario): Dev may redeploy with the pad with updated market making figures, prove it works long term and ….
1) generate enough fees to relaunch $TWINE and airdrop holders from a snapshotted time
Or
2) relaunch
-Baggies
@richogfrog@richogfrog if you are top $PEPE holder you should just buy 10-20% of supply and put it into @Raydium staking pool for $SPURDO holders
That’s nothing to a giga Chad
No reason you should let it trade under 100K
@LaunchOnSF@LaunchOnSF can you guys check if $PEPE rewards are stuck on SPURDO please?
2oguDsc3BG5N7WdjaJtkeamij9VycCuyCnB455ZaJbXP
It’s causing some fud
Screaming from the rafters
All you have to do is listen and HODL
Quantum Pepe is the narrative of the future.
$QEPE / Quantum Computing Inc $QUBT on $STONK @LaunchOnSF
$AI Artificial Inu is great, Quantum Pepe is next.
$ZCAT $NEARKAT $DIVI