nick
@nickysap
I hate to say it but the Solana trenches are rinsed. The $pop wallet that FSH'd ~$22k was slowly selling over the past 24 hours after receiving multitudinous inbound transfers of the token from a number of accounts, all in denominations equivalent to roughly $950. This is a typical strategy to obfuscate the source of funds (Slerf tools has easy to use and cheap functions for this). The wallet never made a purchase of the actual token, it only received the tokens for free. It got impatient and dumped everything it held. Over the course it was more than 35% of the total supply of the token.
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colfax
@clfx.eth
gambled on this one, even after seeing the top wallet holding ~15% of the supply at the time, all received. dumb af rip
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nick
@nickysap
It’s so tiring bro
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colfax
@clfx.eth
you think solana fr just fried? i’ve been leaning that way lately but you’re more tapped in than me. your projects on sol have been the only things that have been of interest to me over there for the longest while. if not ever
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nick
@nickysap
We’ve been trying different approaches to launches, KOLs, etc. the pvp culture is abysmal. Even the KOLs just lie and dump instantly. Everyone is just out to get each other. Leadership needs to foster more builder culture and long term thinking. But honestly idk if I’ll be waiting around for that.
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