Free short ever, and I think things could get worse if this "wallet-trading" meta doesn't change
correct me if i'm wrong
but i believe pumpfun's worst performing day and daily $PUMP BUYBACK was $300,000 back in July
pump's token price at that time was nearly 70% lower than what it's priced at currently
today their daily buyback was $438,000, only $130,000 above their worst performing day ever
noticing.
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And I also don’t see much sense in pumpfun supporting this by paying large sums for "callouts," rather than injecting capital into "runners" to keep them alive for much longer, It’s like this: they pay 1 million to a good "caller", normies see this, copy-trade them, and end up losing all their money. In the long run, no one will want to trade memecoins
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FOMO and pump callouts made this shit, buy a coin and pray to a big KOL buy your coin
before and after social trading.
i'm one of the OG traders in this space. i used to print a lot and was one of the best traders.
back then, all i had to do was find a good narrative, ape, work on my bags, and HODL.
but since july, when big names started joining this space, it's been nothing but losses.
at first, i thought i was the problem, but then i realized almost everyone in my circle was going through the same thing.
now i understand that the game has changed.
it's no longer about narratives. it's all about wallets and big names.
only the big names on pf apps seem to be making money while everyone else keeps losing.
pumpfun has always tried to bring normies into this space, but how do you expect them to stay when all they do is lose money?
imagine being a normie trying memecoins for the first time. you come here to have fun and try something new, but all you get is losses.
of course you're going to leave.
and it's not just normies. even OG traders like me are thinking about quitting this space if pumpfun keeps going in this way.
we came here for the memes, narratives, and fun. not to be exit liquidity for big wallets.
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worst nigga onchain by far
Machi(@machibigbrother) was liquidated 8 times over the past 6 hours, wiping out all his positions.
Machi woke up to find just $1.50 left in his Hyperliquid account.
hypurrscan.io/address/0x020c…
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