hot take:
pumpfun's just a money laundering scheme
- they get $100m+ volume every single day even when onchain's super dead
- imo they run some kind of bots, that spam launches everyday bundle them and "lose" 1% on fees. Do that repeatedly and all the dirty money turns into a clean money earned by pump
- (optional) tell your clients to ape the pumpcoin before you inject liq in it and make them "win" on trades so the clients can cash out
- all their updates were focused on not losing any money to third parties, so they can launder money efficiently
- and this explains the reason they don't give a flying fuck about their userbase, because "users" are not their main source of income
We are just speculating and theorizing though 🤓🤓🤓
https://x.com/mephxbt/status/2049245832055279865?s=46&t=hr2fbvcHJGpvp_SbDstdzg
Post #4386
304