1 -> 50 SOL in 19 hours of trading.
Decided to run back a calm 1 SOL challenge this month after deleting all of my wallets, streamed every trade live.
Did 4-6 hour streams, across 4 days, all on a single wallet.
Didn't claim cashback to make things fairer and showcase that rewards are largely unimportant when growing a low port.
Will keep streaming every day & continue the challenge and see where the month takes us.
So in essence, all this new Pump update did, was make bonding coins basically free.
You can fill the curve with 85 SOL, then have 18 SOL bought on top of you by the bot, then sell for break even or perhaps a small profit.
We're about to see a whole lot more crash coins, full curve bundles, and 80% dev buy rugs, because now they can do it for free!
What a great update by the Pump Fun team yet again, at least they'll have a much higher migration rate and better statistics on paper (despite them being completely inflated and fake)!
As the market gets progressively worse, somehow the deployers/devs are making more and more?
Genuinely doesn't make sense to me how we're okay with feeding these people on infinite 10-15k spawners, whether it's some slop deploy or some "tech", the top traders are always the dev themselves and the traders will have a 10x smaller PNL?
It's gotten to the point where people are genuinely doing a 10+ SOL devbuy and block0'ing another 20-30 on top of themselves pretending like its "random snipers" and everyone's just lamb to the slaughter?
I'm pretty sure, at this rate, nobody will be left to buy any of these new pairs as the dev makes up for the 90% of the PNL on every single one of these coins.
THIS is what you're all buying on top of.
Currently, this is by far the biggest issue on new pairs; Devs buy an unreal amount, usually 10-30%, and then use a bunch of Block 0 snipers and quickbuy their own deploys with even more wallets, resulting in them having over HALF the curve or more.
As you can see, with over 40% of the supply (the Bonding Curve has 79.3% available) the coin only spawns at a market cap of 6.2K. This means more than half of the coin is already bought out in the first second that it comes out on these. 50% of the supply only gets the coin to 8.6k.
It's genuinely so unhealthy.
Writing this tweet because I don't think people comprehend how much they get fucked over buying on top of slop devs that do this all day. You're literally buying on top of someone who has THIS much supply at this low of a market cap.
It's time to make a change - the only people who can afford to buy on top of this much supply are the heavily tracked wallets as they know they can tank the infinite suppression and still come out with a profit.
Bring back wholesome trading and devving!
Will point out that the market cap numbers slightly shift with SOL price, however, SOL has been chopping at the same amount for like 4 months now and it's probably not gonna go up by a lot anytime soon. This problem becomes worse the lower SOL is. If SOL was at $200, people would realise how ridiculous it is to buy a 1 candle bundle to 35k on some random animal.