Alekey retweeted
Basically we force you to trade on an inferior product to compete in a $2.5M competition just for everyone to feed us another $10M in trading fees.
Not a single word about the kimchi rug btw, while the $2.5M goes to some unrealized cabal sludge.
Definitely worth it. 😂
Alekey retweeted
if you think #BOYCOTTPUMPFUN is some bullshit
Let’s revisit each time attention shifted away from PumpFun
we get some of the biggest runners in the trenches
• CASHCAT
• AI
• STONK
• ZCAT
• MASK
• BONER
• PONS
• MARSCOIN
to name a few
Even ZC on Ethereum reached $50M before the team rugged on a random launchpad
Meanwhile Kimchi one of PumpFun’s biggest promotional pushes, couldn’t even take his own coin to $50M despite his massive reach and backing and “aura”
At some point you have to question the ecosystem you’re participating in
PumpFun has built a model that thrives on:
• Constant new launches that pnd
• Influencers incentivized to promote PF tokens
• Liquidity continuously rotating between new pairs
• Trading volume regardless of whether anyone actually makes money
Think about the incentives
PumpFun profits from trading activity, not from your bags appreciating
A token going to $100M and establishing a strong holder base isn’t nearly as important to their business model as thousands of traders constantly rotating between new launches spamming volume
And the people promoting these launches have financial incentives that aren’t necessarily aligned with yours
Yet traders keep following the same accounts into the same launches, expecting different results .. like please wake up
Some of the best opportunities we’ve had came when liquidity and attention escaped this absolute hell of an ecosystem
Maybe the problem isn’t that the trenches are dead or that nobody wants to buy memecoins anymore
it’s because we’re just directing all our liquidity towards an ecosystem that benefits more from extracting it than growing it
Prioritise robinhood coins
Prioritise stonk coins
Prioritise BNB coins
Just try to stop feeding this fucking machine defined to drill us otherwise known as @Pumpfun
Alekey retweeted
I think the people deserve to know ansem's relationship with pump fun
🚨LAWSUIT CLAIMS PUMPFUN INTERNAL CHATS SHOW IT WAS BUILT TO MAXIMIZE ADDICTIVE TRADING!
In an ongoing class-action lawsuit against Pump.fun and related parties, plaintiffs allege that roughly 5,000 internal team messages reveal the platform was deliberately designed to maximize addictive engagement and fee revenue.
According to the complaint, leadership discussed slot-machine style mechanics and acknowledged the product was built around users continuing to trade even when most lose money.
The claims come from whistleblower materials cited in the amended complaint.
Alekey retweeted
Imagine a casino where nearly 100% of customers lose money.
Now imagine that instead of acknowledging the odds are stacked against its customers, the casino markets itself as a revolutionary platform for creating wealth.
Would you celebrate that business? Would you praise its success? Would you encourage more people to participate?
Or would you start asking why an ecosystem continues to funnel billions of dollars into a machine that leaves almost everyone poorer?
That’s my fundamental issue with @Pumpfun .
A platform’s success should not be measured solely by how much revenue it extracts from its users. At some point, we need to ask how much value it actually creates for them.
When the house keeps winning and virtually everyone else keeps losing, that’s not financial innovation.
🫡 From the depths —
The White Whale 🐋
Alekey retweeted
People are mad & they’re (justifiably) the easiest target to blame it on. Giving millions to kol’s to suck your dick while the coins flounder & die, hosting a competition for the already rich to get richer (while the coins all die), giving money to a millionaire to partner with & shilling a hard rug (while the coins die), giving 50$ to new sign ups & 50k to already rich people who get 1000 referrals (while the coins die), introducing trading fees to your app (while the coins die)
Alekey retweeted
People are not mad at pumpfun for being a Launchpad.
People are made at pumpfun for:
1) Doing nothing to enable fair launches, with no bundling.
2) promoting KOL’s with hold times less than a minute and rewarding them heavily for these ‘calls’, such KOL’s nuke the chart too.
3) Promising an airdrop ( making nearly a billion dollars ) and never doing said airdrop.
4) Covering it up with a ‘trading competition’ which with the way the platform runs will go to multi wallet KOL’s whilst they make the money back and more.
This is an extractive setup with a negative affect on all of crypto, not just memecoins.
Alekey retweeted
Alon, do you want to address the big fat fucking elephant in the room?
WTF happened with the $KIMCHI token that you reposted?
Is Kimchi still partnered with you guys? The lil nigga removed @Pumpfun from his bio
This is the BIGGEST competition we've ever hosted on the Pumpfun app!
$2,500,000 will be paid out to 3 Squads who achieve the highest PNL after 2 weeks.
$1,500,000 for 1st, $750,000 for 2nd and $250,000 for 3rd.
Winners are decided based on PNL + uPNL after the competition ends.
Every member gets paid based on what they contributed to their Squad: pull your Squad to victory? Receive the biggest prize. Pull your Squad down? Receive lower prizes.
The competition starts Monday, so you have 3 days to get your Squad onto the Pumpfun app and sign up in the Squads tab
