reply guys

tbh this is a huge problem in crypto that has become pervasive over the years 

the idea that it’s okay for the business to be successful at the expense of the token/nft/product whatever you want to call it - for a team to get rich off their community but leave them behind

the whole idea of crypto was to change this web2 model and allow us to have shared ownership of the protocols and things that we used, otherwise what was the point

Why I'm fading the Pump Fun presale:

- Majority of buyers are memecoin traders that don't believe in anything but a quick flip

- Kolscan acquisition was insanely underwhelming

- No use case for the token beyond small buybacks

I'll buy it at a 50% discount in 2 months 🫡 https://t.co/jpw8mEZ71e

Btw I still think Pump Fun THE BUSINESS will be incredibly successful.

I just think:

1. Their goals will take months/years to pull off and Solana trader's patience is at all time lows

2. The success of the business does not mean token price goes up

I also could be completely

Clemente

tbh this is a huge problem in crypto that has become pervasive over the years 

the idea that it’s okay for the business to be successful at the expense of the token/nft/product whatever you want to call it - for a team to get rich off their community but leave them behind

the whole idea of crypto was to change this web2 model and allow us to have shared ownership of the protocols and things that we used, otherwise what was the point  

https://x.com/chilearmy123/status/1943785004481622182

So this launch is all about exit liquidity since there value plummeted since May?