@topadvert
ICO pump fun — a classic game of aggressive market tactics.
No airdrop — instead, they aim to raise $1B through a token sale at a $4B valuation for just 25% of the supply.
Not surprising, as Alon (the founder) is known for this kind of approach.
This guy previously extracted $500M from the market by dumping SOL at any price. Now he’s doing it through a token sale, pushing down the prices of Solana ecosystem tokens.
Basically, it’s an industrial-scale liquidity drain — and that liquidity is NEVER coming back to the market.
A $1 billion sale from Pumpfun at a $4 billion valuation after Trump is like the second plane hitting the towers — for the market.
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