brypto

Bonk has taken the lead in marketshare from pumpfun lately but from having traded on both launchpads, the coins on Bonk seem way more bundled / farmed / cabaled than the ones on pump ever were

Maybe those two things are related? Most coins that go big ($5m+) need a group behind them pushing but it feels like all new pairs on Bonk right now are running the same playbook: random "lore", X community with no mutuals from a fresh account, heavily bundled, exit aggressively (often before bond, which is another interesting dynamic to study)

You can see it in the charts too, giant green candles from 0 straight to $100-300k and then heavily clipped right back down, 1 second chart shows the farming in realtime, brutal

/new-york 🗽 • /untzuntz 😈 • /tastebuds 🍕 Fan of eating tacos and bringing people together, often at the same time 🌮