Here's a little tip I will share that will seem controversial but it shouldn't be
When your coin is pumping, don't take to the timeline about it. Let it pump don't try to fuel that fomo, which is hard cause it's exciting I know
Firstly, you are alerting folks with big bags that they can take profit, they might just sell into the pump before it paints a bullish structure on the chart and kill the momentum - let the whales each find out slowly throughout the day, not all at once with your "yo fam we're pumping" tweet
Secondly, the folks you onboard from these tweets will mostly be professionals looking to capitalize on the pump - they will just sell when the pump stalls and any new active community members you just onboarded paid a higher price and will be less rewarded for their efforts - they won't be able to buy before the pro traders. (This is more for big accounts, small accounts aren't followed by as many of these predatory pro traders)
Thirdly, the chart is pumping for a reason, let it materialize. Let the folks buying fill their bags, ideally this is done by DCA so let it happen without messing with their entries
PART 1. (Long thread)
@pumpdotfun is the best thing to happen to Solana launches and I will tell you why.
first letโs talk about launching a meme coin the โtraditionalโ way on Solana.
Here is the issue:
First itโs about .02 to make the CA, then about 5-9 sol for liq.(you have to burn it Solana doesnโt have a token locker thingy like ETH, and initial taxes arenโt a thing).
So you out roughly 800$ with no profit.
So ok you canโt do initial anti-sniper tax on Solana. So obviously , snipers are INSANE, they follow and hunt you. I launched this coin, NO BURNED LIQ, and the Market cap was already at like 60k before I could even buy my OWN COIN. Granted this was a mistake on my end but yeah.
Anyways I did a fair launch, no supply minted to myself or others, and planned to just buy early. I even changed the ticker to like asdasdas/sadsa so I could get in early and then change the meta data and PEOPLE STILL SNIPED IT.
So before all this I told friends about it (because I wanted to see the homies win), and I trust them not to jeet.
BUT now you got friends coming in, but snipers got a good chunk of supply, so friends are buying slower than snipers and Snipers are dumping on you and your friends ass, so now you have to buy through all this sell volume, FOR YOUR OWN FUCKING COIN.
So ok letโs say you survive this, now you have spent a ton of money getting a decent % of your own project so you can guide it and control it a bit better.
Well now the incentives are miss aligned because you had to pay ๐ฐ a lot to get X% supply and now you have to sell to recoup losses, but liq is ASSSSSS on Solana. so you want to take some profit to buy dips or anything and you nuke the chart.
Then you have to buy more supply if you want to stop a cascade of sellers.
So you are trapped in this situation where you are basically working for the snipers, and innocent bystanders get caught up wondering โwhy token no pump ser!?? When MARKETING SER!?โ
so the correct thing to do is, when snipers get in early without locked liq. You RUG. But your friends and people investing DO NOT UNDERSTAND THESE DYNAMICS. And keep in mind most people are new to crypto and kinda monkey brained aping before low is burned and such. So they will just scream โ RUGGG AHHH RUGGG YOU RUGGERR.โ so then you got bad optics, due to the knowledge gap.
IMO is why the โcommunity take overโ meta was big a few weeks ago. Itโs much easier to just find a project that got murdered by Jeet snipers, then buy up the supply at rock bottom, then do the marketing and hype and โrevive it.โ
You look like a hero, you arenโt the โdevโ so no one gets made at you and you donโt have to deal with snipers.
Ok but now enters @pumpdotfun to change the game.
Iโm running out of space but Iโm going to do a rundown on why launching with them is superior and comment below.