Been saying it for the longest time now that Pumpfun is a joke and everyone working there probably deserves to be in jail.
Cause how tf do you explain $AMD?
A group of traders was down about $840K in their competition, then this guy predicted they would launch a coin, buy in early, and get Pumpfun to push it to millions.
And that's EXACTLY what happened.
$AMD launched, Dior got in around $85K–$105K, while Chairman bought around $130K–$175K.
Pumpfun then promoted it several times, causing an ATH of $3.7M, and of course boosting the ranking of those guys.
Everything about Pumpfun is shady. Stay away and let them die.
New update: dev buys on the Float launch form are now capped at 3% of supply
Until now, a dev could buy as much of their own coin as their wallet allowed, at the lowest price, before anyone else had a chance
The cap only covers that first buy at launch. Once a coin is live, devs can buy more like anyone else, at the same market price, alongside everyone else
3% still lets a dev take a real stake, while the other 97% stays open at launch
The form also shows exactly how much supply your SOL gets you before you launch
https://t.co/TVwOArGb3X
After a long break, I started trading new pairs again 5 days ago.
The game has changed drastically since before summer.
You can't compete pre bond anymore. On good coins, devs fill the entire migration themselves, and Proxima bundlers nuke everything at 100K.
It all comes down to one thing: the bonding curve is too cheap, so the risk to reward for devs is way too good.
That's why I think Float's 20K starting MC fixes a lot. It makes devs pay up to farm their own coins.
I believe we'll see a slow shift, with whales buying only Float coins.
The downside: far fewer coins will bond.
But the ones that do will likely be much higher quality than pump coins, and that's where the whales will focus.
Expect to see all ‘good’ attention coins to run the highest on float.
People are struggling to find jobs and barely have enough money to survive. Meanwhile, pumpfun is telling normies to get into memecoins and copytrade dior100x to make it out the trenches