conservatively, i think Pumpfun is due for a 50% to 60% retracement from here
volume is falling off a cliff, and price action rn is mostly just following alts
once this decouples and people realize that their revenue can literally drop 90% on any given week and that annualizing their rev like they are hyperliquid is retarded, i think we see a massive cascading selloff back toward all time lows
tide is turning on pumpfun
revenues are falling off a cliff, overall pumpswap daily volume is the lowest it's been in almost a year
this "trade competition" feels like a cheap way to draw in short term volume
genuinely think pump is highly overvalued here and we will see a massive sentiment shift on the pump trade soon
I’ve noticed our pnl has not been restored yet. Let’s go over the facts as they stand.
Your T&C that is actually in your app for this exact tournament is apparently outdated and evm coins are actually allowed. So you’re running a multi million dollar tournament but don’t have proper terms on your amazing app so that’s not why our pnl was removed.
Our pnl was removed because you decided it was a bundle. None of the following happened:
1) you didn’t go to the standard reserve site and look at the launchpad for 2 minute otherwise you would have seen those coins were air dropped to 867 bank charter holders
2) have anyone who works at pump fun who can read an evm smart contract
3) have alon dm me and say hey is this bundled what’s going on here and I would have explained the mechanism.
Instead the moment we hit top on the leaderboard our pnl was removed.
Which is interesting because your T&C talk about manipulation of coins. Yet you decided to remove our pnl when the coin started running which negatively impacted the coin. You manipulated your own tournament.
So let’s get to the real issue. It’s the name of the coin isn’t it. The coin is called fuck pumpfun. And a ragtag group of 3 friends not on your payroll were sitting at the top of the leaderboard so anyone who clicked to see what coins we were holding would see a singular coin called fuck pumpfun.
That’s why you removed our pnl isn’t it?
That’s why it hasn’t been restored isn’t it?
It’s bad PR. Now I could argue that kimchi faking a hack and posting a farm link that alon retweeted is much worse PR but what do I know.
Free fpump. Restore our pnl.
Fuck pumpfun.
i’ve been in the trenches for over 5 years now , unfortunately last cycle i lost it all ≈ 100,000 $+
im gonna do a challenge of turning 500$ to 10,000$
day 1 starts today lets see where this 500$ can take me …