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Amol

@0xamol

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1690 Followers
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I had such high hopes for Base back from '23 but this stupidity of 'coin everything' is lazy and lacks intellectual thought to actually try to building challenging things. Fwiw - I was one of the biggest critics of PumpFun - I wrote a report to the SEC documenting their various platform activities of how users were being robbed, farmed, scammed etc. All in plain sight with PF knowingly not doing anything. But at least, I knew Solana has incredible projects and talent building cool things and leadership team driving innovation in ambitious directions. Then I come check on Base and Jesse's tweets -- it's pure slop, regurgitated narratives of gambling, coining b.s etc. Literally zero authentic expression to try to actually build something cool & challenging or elevating teams that want to push the boundaries.
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I wrote a report to the SEC👇 Note: I love memecoins and i think they’re here to stay but we have to fix what’s broken first. Back in October and November 2024, I started getting this gut feeling that something was off in the Solana memecoin space. It wasn’t just the usual market chaos—it felt controlled, like there was some invisible hand orchestrating the whole thing. By mid-December, after digging through on-chain data, tracking connected wallets, and mapping out the key players, I found more than enough proof of collusion. It wasn’t just random farmers and botters—it was a coordinated system. The same groups controlled everything: the pumps, the dumps, the narratives. It made me completely rethink the idea that memes were this organic, free-market phenomenon. But here’s the catch: unless you’re in the inner circle, you’re getting dumped on. Plain and simple. Retail traders, newcomers, even experienced memecoin traders who aren’t part of these insider networks? 1/2
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