Unemployed and unbelievably bullish | the green exchange @ourbit https://xitter.gq/t.co/832rV4tE7O
Joined March 2023
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chudler retweeted
“KOLs are secretly extracting.”
One of crypto's largest KOLs has been secretly extracting millions from his audience
We’ll expose him soon
Unfortunately, he’s just a symptom of a much bigger problem
Social trading has brought out the worst in KOLs. It was designed to keep them honest by making every trade public. In reality, the opposite happened
In just a few weeks, we exposed a number of "top social traders" using the same tricks:
• Public wallets to attract copy traders
• Side wallets to dump
• Callouts to farm rewards
• Bundled tokens to hide supply
And there are plenty more doing the exact same thing
Why? Because our industry incentivizes it
1) Launchpads allow it
Most launchpads today are obsessed with one thing: volume. Millions in callout rewards, affiliate links, and top leaderboards. Almost nothing on detecting bundles, side wallets, or shady traders. Scams drive volume. Launchpads have no reason to stop it (other than actually caring about their users)
2) Social trading incentivizes it
Side wallets have become a business model. Before social trading, only big KOLs could do it. Now, anyone who lands on a leaderboard can monetize by dumping on their copy-traders. The temptation is real
3) CT normalizes bundle culture
“Everyone bundles. It's how it's done" - an excuse we hear every time we expose a KOL. Supply control isn't the problem. Hiding it is. If it's so bullish, why hide it? Spoiler: because you're planning to sell
***
Launchpads are paying millions to dishonest KOLs. It's time they start taking it seriously
Audit the top traders. Expose their side wallets. Ban repeat offenders
We have the tools. What's missing is the willingness to use them
No one's coming to save us
chudler retweeted
Go to Solana Breakpoint in London @onchainrapist would like to talk to you
chudler retweeted
If Pump kills PVP, their launchpad revenue will be down by at least 60-70%.
They know this, and that's why they don't kill it.
Ceilings being lower is not a problem for them, they only take 0.05% from bonded coins.
They want as many pre-bond coins as possible.
chudler retweeted
Be like Ansem
- Call PumpFun out for an Airdrop
- Gain massive following from the movement
- Launch and make millions from your memecoin and launchpad
- Get a fat cheque from Alon to shut TF up
- Bull post PumpFun features and enjoy callout rewards
Thanks for playing
chudler retweeted
I'm tired of this shit, every single time someone launches a coin with 0.05% fees.
And someone launches a vamp with 0.3% fees.
Then someone launches another one with 1% fees.
@Pumpfun is doing this on purpose.
They want more pvp, more pvp helps them earn more, every single pvp helps them.
And this is why they are not disabling fees below 1%.
There shouldn't be any reward coins below 1%, there should be only 2 options: 1% and 3%.
But they want more pvp, so they just let it customizable.
chudler retweeted
you're looking at hundreds of people *losing* higher salaries than CEOs, doctors & even astronauts
chudler retweeted
On-chain platforms monthly users + users in loss
98.9% of pumpfun users are down all time
Users have higher odds of being profitable on Rainbet, a LITERAL casino, than on any other trading platform currently.
ALT Monthly users and loss percentages for various trading platforms, showing PUMP FUN with the highest user base and loss rate.
chudler retweeted
America just went from:
Debt, War, Mass surveillance.
To:
Debt, War, Mass surveillance. 🌈
