A message to Pumpfun. We might delete this post in 24 hours:
We as the Moonpad team have never built something in crypto before. We are just what is left from the trenches and crypto traders.
We are pleased that finally pumpfun erased from the market the typical classic rug pulls (dev removing the liquidity), and we thought finally since 2024 the space would be safer. But the opposite happened. The hell doors are opened.. hundreds of thousands of bundled rugs launching daily…
People have lost millions of dollars, some have committed suicide and lost their life savings. The trust in the memecoins industry got destroyed.
Free launches turned rugging and farming into the easiest money someone could get. Holders started dumping early, devs started rugging earlier. Rarely does something move above 1M market cap. If this continues, no one will buy memecoins anymore, or we will see fewer coins flying above 1M mcap. Even good devs will lose the war since the community is scared to touch anything for the long term.
We really want to fix this or at least to make the space a bit better and make people win again like it was before 2024 with at least 20 daily +10M mcap runners.
For that we are giving Pumpfun 24 hours to:
Implement 1 SOL deploy fees
Or
The dev must lock 5000 USDC until their token reaches +1M mcap!
Reduce trading fees from 1.25% to 0.3% (less fees, the more money in the trader’s pocket).
You have already extracted more than 1.5 billion dollars from the community. It is time to focus on safety more than volume. You can still gain a lot of money from 1 SOL deploy fees.
If this is not going to happen, then it is our shot to try what we can do… and Moonpad will be live in 24 hours from now.
Hundreds of launchpads tried to copy pumpfun. We are not here to copy. We are not here for money. If our solution works, we will all win.
This is the last shot to save what we can save. If it does not work memecoins will face the same fate as NFTs.
Your move!
CATAPULT [Turbo Mode] Private Beta is live!
Still limited access. Still early. Still the sharpest edge.
https://t.co/sCcXhnNGV5
You can access via invite codes. Alpha users can share the invite links with others & earn referral bonuses.
Invite codes can be found in the community by engaging and talking to mods in telegram
If you don't have a code, join the waitlist. We'll be gradually enabling access for users.
Hyper is nearing its release as well and will mark full launch.
Just joined the @multiplierfun waitlist - I am #9,696.
Gamified Capital Markets are coming. Hypergamblification is inevitable.
Sign up to the waitlist to be early - https://t.co/z2nZrGDyCn
Insider activity detected on $PUMP launch
Insider wallets sold 25.5 billion tokens worth $141 million between July 17 and 21
Only 5 to 9 days post-TGE.
The team made $39.65 million in profit.
40% of the total supply was in the hands of insiders and fully liquid from day one.
One of the main wallets (Wintermute)
44P5Ct5JkPz76Rs2K6juC65zXMpFRDrHatxcASJ4Dyra
Sold 12.5B tokens for $67.2M in just two days.
Another wallet:
Fua2DmFyPb2aT6JMQ55SFGRkcSVtoq772VzyXGfcgXTw
Moved 12.5B through 13 different transfers
A third wallet:
F9KFgEZ1skvdk3kSa5mMC3UCBHrPrNEQJJWRtfsjyVZF
Sold 8.3B worth $40.5M by July 21.
13B tokens were sent to FalconX, a known institutional OTC desk, and another 12.5B to centralized exchanges.
The pattern shows this was structured selling
The token price peaked at $0.0069 but has now dropped to $0.0025.
That puts most retail buyers at a loss, with market cap falling from $4B to $2.52B.
FUD ramps up, but the facts don't change.
Everything is on-chain, visible, and transparent — easily debunking the claims these people make.
Things are looking strong in the BONK ecosystem, and we’re excited for the next leg.
There are definitely some problems that need to be solved, but I’m fully aware of them and actively working on solutions.
Even with a 75% market share in the launchpad space right now, some people still think we’re going to vanish tomorrow and just hand over the keys. It’s kind of funny seeing some of these posts.
next catalysts are on the way.
@CryptoGFishere Pumpfun is destroying solana with so many noises and 10 minutes shitcoins. Allow anyone to create a memecoin without security features is not an evolution. It is a chaos.