sanda retweeted
Social trading has completely changed the way people trade memecoins. The edge has shifted from finding good trades to having enough influence to create them.
Callout rewards are only accelerating and institutionalizing that shift, making it more profitable to get others to trade than to trade yourself.
What happens when everyone is incentivized to call and fewer people actually want to trade?
It’s basically rewarding the extraction of value from the same participants the entire market depends on to survive.
And it’s not like I’m saying this out of jealousy or anything. I have a large enough following to benefit from this system myself, but I genuinely hate what the market has become, and I don’t think it’s healthy.
I used to love trading, but the current market structure has made it pretty much untradeable. At this point, it feels -EV to actually trade rather than just optimize for callout rewards and I know I’m not the only one that feels this way.
I honestly didn’t see it at first but it’s clearly unhealthy for the space to be so dependent on a single platform that they are able to introduce incentives that fundamentally change how people participate in the market.
thank you @WheelerrDealerr
i dont understand why ansem is still playing dumb here
really thought of him differently
I think these people probably want to understand what led you to the decision to join forces, in a pumpfun squad, with some of the most rapacious and aggressive bundlers, serial deployers, scammers and multiwallet rapists that solana onchain has ever seen.
these same people who are routinely bundling these types of coins and then farming callouts whilst dumping supply off different side wallets into the volume generated by their buying and calling out on pumpfun.
and no you can't do the 'im just a humble trader who doesn't know about this kind of behaviour' schtick anymore, nobody believes for a second that you don't know what is going on in the trenches.
robinhood:0x15f3385625d7e364c5a6216fbbceadf10fa90e7d just hit a new ATH >
ngl what got me most bullish was seeing who's in this. the people in and around this coin actually know what they're doing, and when the right people are in something early, i pay attention.
on top of that you rarely get to back a team that's building from inside crypto and actually gets it, trying to flip the game back towards the normal trader instead of the insiders. that's the kind of bet i like.
higher.
/trustjingtao
sanda retweeted
tide is turning on pumpfun
revenues are falling off a cliff, overall pumpswap daily volume is the lowest it's been in almost a year
this "trade competition" feels like a cheap way to draw in short term volume
genuinely think pump is highly overvalued here and we will see a massive sentiment shift on the pump trade soon
nice. $worth +400% since the tweet
most likely higher
bought some $worth on base yesterday
even tho i told myself im done buying base coins, i see opportunity here; especially since i completely faded basecat at couple hundred k
pros:
- og one on base, few months old
- cobie tweeted it while back, brian tweeted yesterday
- chart looks good
cons:
- theres one on robinhood, which i like better + its run by @0x_Leo_ and @paik_michael
but since brian + cobie posted it ig it would make sense to send the one on base short term and then send the rh one when vol comes back to rh chain
lets see
$worth is breaking out
bought some $worth on base yesterday
even tho i told myself im done buying base coins, i see opportunity here; especially since i completely faded basecat at couple hundred k
pros:
- og one on base, few months old
- cobie tweeted it while back, brian tweeted yesterday
- chart looks good
cons:
- theres one on robinhood, which i like better + its run by @0x_Leo_ and @paik_michael
but since brian + cobie posted it ig it would make sense to send the one on base short term and then send the rh one when vol comes back to rh chain
lets see