You thought you found the next runner. Bots found their next buyer. Buy up supply. Manufacture the hype. Sell into everyone who arrives.
That’s the extraction model we’re fighting.
Canton 中文社区的朋友们, 欢迎来 supanova 玩。🚀
We’re teaming up with @ChinaOnCanton to give away 6,000 canton-network:native. 50 winners, 120 canton-network:native each.
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Getting people in is one thing. Giving them a reason to stay is another.
Coins holding up. More people joining. New launches. Communities doing the bagwork.
Supanova is building momentum. This is the part worth doubling down on.
Hyperliquid's first L2 (elysium) is ded on the first day of mainnet launch:
• 24k sandwich attacks extracted over $300k
• 1 bot made $1m in profits
• txns and token traders are down 80% already
• chain is bombarded with scammers and grifters
• 66k tokens already issued
Chains are dying on the 1st day
Is this peak bear market?
Ever bought into a launch and got rugged almost immediately?
You came to make money. Someone had already planned to make theirs off you.
Tomorrow, we’re talking about how we’re building Supanova to fight that. Come put us on the spot.
Join us tomorrow for a Discord AMA with John Schneider (@0xPatronum), Head of Marketing at @Supanova_app.
Supanova is building a token launchpad on @CantonNetwork for discovering projects, launching tokens, and building communities, with a focus on making conditions harder for predatory operators.
11/11 | 9:00 AM EST | 14:00 UTC
Your idea can earn more than attention.
When people trade your coin on supanova, you earn 70% of the trading fee - before and after graduation.
Launch yours now�� https://t.co/T5j0sgmwCw
The trenches are worth fighting for.
A bigger volume chart means nothing if the people behind it are getting farmed.
We’re building Supanova into a place people want to stay. Even if that means leaving bot volume on the table.
A fair shot shouldn’t depend on being in the right group chat.
We’re building supanova to close off the routes bundlers and predatory bots use to farm you.
Account ratings are in the works too. More context on who you’re trading alongside.
More soon.
Rumor mill is absolutely buzzing on pump fun and the memecoin extraction cabal all weekend long.
Here’s what we know, what we assume, and allow me to clarify and give my current understanding of the situation currently unfolding:
At a high level, memecoin trading is a high-volume, low-time preference gambling platform for entertainment.
By no means is it an investment.
So, the issue of manipulation is fully on display. People have “gamed” the system and it’s all traced onchain.
How has this happened?
Well, according to our sources and verifiable onchain data, there’s cohort of smaller new accounts that are the big issue. You know the names and some you’ve not heard of unless you’re deep in the proverbial “trenches” (read: casino)
The incentives are aligned to keep gamblers coming back, losing money, so the insiders win. These anons who run bundlers and have a following of “meme traders” & gamblers will milk their audience hard.
Buy on side wallets, shill on main account and show the position as public with screenshots of your position on main, tracked wallet.
Now, with regards to Sahil’s X page…
Contrary to what he’s showing to the public, the story is much deeper and less focused on a single person or small group.
There’s all sorts of ground to cover on a different post, but the bigger, doxxed names are moreso “caught” by association by with a lot of other fraudsters though.
A small cabal has been formed around onchain extraction with pump fun launches that will lead to real consequences, as the industry turns to a more regulated period.
It’s a mess. I’m staying away and think pump team and fomo team will make a real shift in their strategy regardless as a result of the optics of paying people excessive fees to promote useless memecoins, and pivot towards more of a tokenization + legit finance app (and fomo will likely win this).
I have zero vested interest in either but see the path for fomo. Pump statement will likely come, but it’s been crickets from their comms side.
Not a great look.
That’s my honest take & I’m signing off. Have a great weekend lads
We don’t sell your order flow. We don’t offer a public trading API. We monitor for bots and will ban them.
Those are decisions we make because the conditions you trade in matter.
People come to the trenches looking for opportunities to make money.
Predatory operators turn that desire into an opportunity to extract from them.
supanova is being built to change those conditions.
Zero has filed the paperwork.
The trenches may now proceed.
P.S. Canton account upgrade complete.
Wallet creation and withdrawals are back. Saw “Your Canton account could not be opened” in the last day? Sign in again to create your wallet and participate in the airdrop.
The $Quadrillions campaign is live!
25,000 $CC UP FOR GRABS!
Read the full rules and find out how to enter on our website:
https://t.co/7zZugnuGa4
Deadline: Saturday, November 14 – 16:00 CET