
IP Β©onsultant | βοΈ @Harvard π²πππ’ππππππ | Protocol & Token Reviews
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Joined October 2014
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I recall the post below criticizing @theunipcs for hard-shilling $PONS, a one day old launchpad
It was trading at around $6 million MCAP at the time
Today it's trading at $540 million
I wish I bought
Bonk Guy was right π
Replying to @theunipcs
I never thought I'd see the day when @theunipcs would be hard-shilling a ONE DAY OLD launchpad
But here we are π€¦ββοΈ
Prediction:
@tontheneko will take the $PILL
Soon π
Just got paid $44 in callout rewards by @Pumpfun!
What kind of black magic is this?
I only have 32 followers!
I think it's time to start paying attention to PumpFun callout rewards whether you've got a large following or not
Sign up with my referral link for good luck π
[pump.fun/u/ftpager]
Code: ftpager π
Protocol/Token Review Update: $BORDR
AKA: The $HOOKED Killer
MCAP: $420K
From an ATH of $9.4M β $420K in just 12 days!
In my last review I said:
"the valuation reflects speculative future adoption rather than real revenue or launchpad activity."
Launchpad activity, adoption, and revenue metrics did not improve
So here we are...
Speed-running to zero π
Protocol/Token Review: $BORDR
MCAP: $7M
The claim:
Bordrless is a new token standard on Solana that embeds hooks directly into tokens, allowing protocol rules to execute at the code level
Note:
The standard is not widely supported yet, so trading is mostly limited to the Bordrless launchpad. The codebase has not been peer-reviewed or audited
The value proposition:
The Bordrless token standard achieves broad ecosystem adoption, allowing its native launchpad to capture first-mover market share
Top 3 tokens:
β³ $BCAT: $167K MCAP
β³ $CHM: $95K MCAP
β³ $GENNY: $45K MCAP
Conclusison:
With $BORDR currently trading at a $7M market cap, the valuation reflects speculative future adoption rather than real revenue or launchpad activity
Still early
But too early or wrong?
Time will tellπ
Token/Protocol Review: $LAUNCH
MCAP: $3.2M
Launch is built on StonkFun and features block 0 protection, duplicate ticker restriction, and a buyback & burn flywheel
Top 3 Tokens by MCAP:
β $LAUNCHCAT: $157K
β $INU: $69K
β $HCNUAL: $52K
It's really just another launchpad trying to capitalize on the recent wave of PumpFun hate
I'm not a fan of PumpFun
But we're tired of fee-farms masquerading as "PumpFun Killers" π
PumpFun has not had an original idea since the bonding curve token pipeline
Now they just wait for @fomo to do something new, copy it, then throw bucket loads of money at it
Competition laws exist for a reason
@seyong, FOMO has an actionable cause of action against PumpFun on so many levels
Sue them π
99.9% of PumpFun haters would absolutely take a PumpFun deal if offered
The only verifiable exceptions are @WhiteWhaleLabs & @theunipcs who rejected very lucrative offers from PumpFun and publicly called out their bad practices
Most PumpFun antagonists either don't have the financial backbone to reject a PumpFun deal, or in the case of @LexaproTrader, don't have the moral high ground to be taken seriously
This guy was one of the most notorious on-chain r4pists on PumpFun before apparently "turning coat"
Nobody takes him seriously
The block is a badge of honor π
There's no way to DCA out of memecoins with size without being front-run
So unless selling directly into volume, there's no choice but to dump in a single clip
Slippage beats being front-run by other sellers
β $AI MCAP: $55M π
What would happen if you dump 2% of a $70M memecoin in a single transaction?
Hours ago Salem1299534 just sold his entire remaining $AI position, 20.06M tokens, for around $1.1M
Brother literally swept the liquidity across 5 different DEXs on Robinhood Chain, executing 39 sells in a single transaction.
$AI went from a $73M mcap to $37M
With the price before his dump, those tokens were worth $1.5M
He basically sacrificed $400K in price impact just to exit immediately.
But remember, this guy already sold 6.1M $AI at $0.33 back in September, cashing out another $2M
Robinhood is not looking good guys.
Based on @FabianoSolana's reconstructed timeline of the $Kimchi (Project Kimchi) rug, here's what I think happened:
β This was most likely a planned marketing campaign gone wrong
β The QR code was most likely supposed to link to Kimchi's PumpFun profile to promote it
β But someone on Kimchi's "Team" (or Kimchi himself) changed the QR code to one that links to the rug
β Kimchi then posted the image with the altered QR code (I don't think he was hacked)
β Alon then reposted Kimchi's post as part of the marketing campaign
β Alon realized the error (from reading the comments) and removed his repost
β Kimchi "realized" the error (also from reading the comments) and deletes the post
β Alon is furious and lashes out at Kimchi in private DM/Call
β Kimchi's ego is bruised so he terminates the PumpFun partnership, deletes all PumpFun related posts, and removes PumpFun from his Bio
β I don't expect Alon to say anything about this lapse of judgement. He usually keeps quiet in crisis and refuses to take responsibility for anything
β Kimchi may/may not comment about it. He's a kid (not a particularly bright one) who got lucky
β He is probably in breach of the partnership agreement with PumpFun, but clueless about the legal implications
β I expect a childish emotional outburst from him at some point, or he may just stick his head in the sand like Alon
β This is a tale of two crypto-rich cowards
β One is a child who got lucky. The other is the greedy founder of a notoriously destructive unregulated casino
What did we expect? π€·ββοΈπ
I just spent hours reconstructing the exact timeline of Kimchi's alleged hack
And the deeper I went, the more sus it got
At best, this looks like horrible mismanagement
But 3 questions still make ZERO sense:
1. Alon deleted his RT within 2β3 minutes. So he clearly realized something was wrong
Why didn't he immediately warn people NOT to buy???
Not a single word from him or pump fun...
2. Why did Alon RT it in the first place?
This was arguably the biggest partnership Pump Fun has ever done
A campaign at this level is planned down to the minute
3. Why did Kimchi delete ALL his Pump-related tweets afterward if they had an official deal???
By doing that, he basically rugged his own other token
one that had already been indirectly endorsed by Pump Fun itself
"The conmanβs greatest trick is the illusion of wealth"
β $Kimchi
1/ Kimchi didn't make $40M on $TRUMP
Not even close.
We traced his wallets and found his actual profits π§΅
Not sure why everyone is fixated on verifying whether @kimchi1x made $40M on $Trump
The fact is that he made life-changing money, and actually changed his life with it
That's all that matters π
1/ Kimchi didn't make $40M on $TRUMP
Not even close.
We traced his wallets and found his actual profits π§΅
Protocol/Token Review: $ZC (ZipCoin)
MCAP: $0
From $39M to $0 in 18 days
That's the problem with project tokens
They rely on the commitment of a single person or team to stay alive. Once the dev or team quits, the token goes straight to ZERO
Never trust a project
The product is the market cap π
The market is tired of launchpads
$EMBER:
$46M - $1.8M in 49 days
-97% π©Έ
$HOOKED:
$16.3M - $450K in 26 days
-97% π©Έ
$Agency:
$30M - $550K in 25 days
-98% π©Έ
$GO:
$10M - $128K in 27 days
-99% π©Έ
They were valued based on gimmicks and temporary post-launch volume spikes
But the product is the MCAP
Bad MCAP = Bad Product
That's the truth π
Protocol/Token Review Update: $HOOKED
From an ATH of $16.3M to $593K in just 18 days!
Thisπchart looks bundled and farmed
"But tech works and team is active"
Just makes it a slow rug
Unless proven otherwise π
New multichain launchpad introducing simultaneous token launches across Solana, Robinhood, Base, BSC, and ETH
solana:JAFqCQSpy5YinrsmixWSMaD7jTn4MytJRkyWvYPnY6ea: MCAP $6.5M
Watching ποΈ ποΈ
Pangea is now live. A chance for everyone on every chain to come together.
Instantly deploy any coin on all 5 major chains at once.
One price. One token. Available everywhere. This is just the start.
SOL: JAFqCQSpy5YinrsmixWSMaD7jTn4MytJRkyWvYPnY6ea
RH: 0x30de7AE4c9578D110a97367EDe9F7765Cdce06ea
BSC: 0xd0cb4279e2B74c2d72EEa20Df308Fb9604E3d6Ea
BASE: 0xA551dEF8a44ea423CaA58DA45b3F5764004286Ea
ETH: 0x6434e57e8d12B92bb4D0b1EFb3274748B75196ea
Token Review: $KIMCHI
Moniker: Aura Final Boss
Age: 2.5 hours
FDV: $35 Million
MCAP: $10.3 Million
$KIMCHI is based on the persona of memecoin celebrity, @kimchi1x who just secured a partnership with @Pumpfun to help:
"set the creative direction that will pave us on the path to a 100x larger ecosystem"
β @a1lon9
Tokenomics:
β³ 75% of the supply β Kimchi
β³ 100% of creator fees β Kimichi
Metrics:
β 7,112 holders
β $300K Liquidity Pool ($KIMCHI + SOL)
The Narrative:
Kimchi reportedly made ~$40M from memecoins in 2024, with his largest trade identified as $TRUMP
$KIMCHI is currently trading at $35M FDV ($10.3M MCAP) solely based on the attention spike resulting from the PumpFun partnership announcement
An acknowledgement of the token by Kimchi is a possible/likely catalyst, but beyond that...
There are no fundamentals
I love you π
Protocol/Token Review: $WOLFPACK
Market Cap: $1.27M
What it is:
β $WOLFPACK is a memecoin paired with $hXMAX, a synthetic stock token minted by HookeProtocol-(@)hookefun
What is HookeProtocol:
β It is a synthetic stock price tracker. They essentially mint hTokens that track the price of quoted stocks, then seed liquidity
β hToken's price peg is maintained by dynamic 2β4% Uniswap V4 fees that penalizes deviation from the price oracle
Their first synthetic stock:
β $hXMAX which tracks the price of $XMAX (XMax Inc.). They seeded the $hXMAX Liquidity Pool with $5M USDG, time-locked for 21 days (more on this later)
β They probably chose $XMAX as their first synthetic stock token because it's a small-cap stock, and the real tokenized stock is not available on Robinhood
β So they control all liquidity for $hXMAX / $XMAX on Robinhood
Fees:
β $WOLFPACK is currently the only token driving volume to the $hXMAX/USDG liquidity pool, so it is currently the sole source of fees for HookeProtocol
Buybacks:
β HookeProtocol undertook to use the fees generated from the $hXMAX/USDG Liquidity Pool to buyback $WOLFPACK
β However, instead of just buying back $WOLFPACK as promised, they used 95% of those fees to buy real $XMAX bStock on Binance π (x.com/hookefun/status/211082β¦)
Red Flags π©
β $hXMAX is a synthetic token, NOT a tokenized stock. It is notionally WORTHLESS
β $hXMAX is NOT backed by anything but the words of anonymous Devs and the time-locked Liquidity Pool they control
β They bought the real $XMAX bStock on Binance, NOT $hXMAX, their notionally worthless synthetic price-tracker π
β The $hXMAX custom "hook" that controls fee extraction and pool interaction is closed-source and unverified
β A vulnerability in the custom hook could potentially allow extraction of all USDG in the time-locked Liquidity Pool before expiry
β Even if the Liquidity Pool is not compromised before the time-lock expires, the $5M USDG in it is theirs to collect once it expires
β Both $hXMAX and $WOLFPACK are dependent on the liquidity in the time-locked pool. If that liquidity is removed (after unlock or via a hook vulnerability), both tokens will instantly crash to ZERO
Conclusion:
β Red Alert π¨ Very High Rug Risk β οΈ
β Synthetic stock tokenization is not a new concept. They've been done in various forms in the past and all failed because without credible liquidity, THEY ARE WORTHLESS
β In its current form HookeProtocol is just a maximum fee extraction platform with trading volume solely driven by $WOLFPACK
Tagging @XmaxGlobal (XMAX Inc.) because they interacted with something they obviously do not understand
DYOR
Stay safe out there π
We have acquired 21,730 shares of $XMAX on @binance @bstocksfinance at avg. price $8.6, the total fund spent is around $186k. Proud to be the shareholder of @XmaxGlobal.
We also purchased 5,036,019 $wolfpack with wallet 0xfedc47c5a7903563ce3e33c8b6b8117f57aabe81.
Tx: robinhoodchain.blockscout.coβ¦































