Unemployed and unbelievably bullish | the green exchange @ourbit https://teapawt.net/t.co/832rV4tE7O
Joined March 2023
- Tweets17K
- Following555
- Followers3.3K
- Likes88.6K
chudler retweeted
btw in case you've never bothered to even look at their documentation, here is a full chart, using the figures directly taken from @Pumpfun 's fee documents, which shows just how much they are making on the bonding curve Vs graduation.
a coin being traded on the bonding curve is generating some 19x more revenue for the protocol than anything post bond.
as coins trade up to a roughly 10m mc valuation (based on current rough prices of sol at around 100 dollars), the only thing still decreasing in fees paid is money to the creators.
this additionally creates even less incentives for communities to build as they get bigger.
so in totality, if you didn't know, pumpfuns fee structure, as a revenue driving element, is 19x more efficient pre-bond, and coins that graduate off the bonding curve are 19x less appealing to pumpfun as a business, with creators of community based coins earning progressively less from fees as their coin trades higher, whilst pumpfun earn a flat LP fee of 0.2% no matter how high the coin trades.
chudler retweeted
1 year old shot dead? Let’s bring them some justice with a memecoin launch shalom goyim
chudler retweeted
If you still support Pump Fun, I've lost all respect for you
Pump Fun has single-handedly become the worst company in crypto.
Not because they're dumping SOL
Not because they're a launchpad
But because Alon and his friends max extract with ZERO accountability
Promote their "biggest marketing stunt." Lure in a ton of new people.
Then RT an alleged hack, realize something is wrong within minutes, delete the RT...
and don't say a single word while more people keep burning their money
Imagine being a newbie and having to text live support just to find out Kimchi's account got hacked
because their CEO and the company couldn't tweet a fucking word
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 2–3 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
chudler retweeted
the reason your entire timeline looks like an advertising board for @Pumpfun is because @a1lon9 spent the airdrop money on buying complicity from all your favourite KOLs and characters on CT.
3/4 of them aren't even rocking the pf badge, but they're getting paid a monthly retainer - i know this because i know half of them and they took a deal because they cannot make any money in these conditions.
the irony of this, of course, is the reason they can't make money onchain anymore is because of the company that is paying for their compliance and/or silence.
half these desperate traders under the new pumpfun fees, are being required to pay more in fees back to pf from the exorbitant minimum volume they have to trade, than the money pumpfun are paying them.
naturally the guys are the top of the pile, the Hugos, the slingorrs, the ansems, the chairmans etc, are getting a very nice slice of the pie, both in retainers and insane call out payments, but there are countless people with like 2-3k followers on CT getting these goyim mines deals.
just know that you're all responsible for the state of things onchain in some way, shape or form, and I hope those couple bands every month help allay your conscience.
CT has turned into a cesspit akin to casino slots twitter. I hope you enjoy this mess.
