Founder @RoyaleWeb3 | @MortalsHQ Trying to do my part to make Web3 better
Joined January 2022
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SnarkW retweeted
This analysis explains why Pumpfun may never care if most memecoins rug, die before graduation, or we get a $1B runner.
Look at the numbers.
In the last 30 days:
- Pumpfun generated $35.6M in revenue from trading before graduation, compared to just $10.3M from PumpSwap after graduation.
A longer-term analysis revealed something even worse:
- $506M in fees came from coins still on the bonding curve or below $250K market cap, compared to just $1.5M from 15 of the biggest memecoin runners.
Pumpfun doesn't need your memecoin to succeed.
It collects fees whether your coin rugs in five minutes or becomes the next billion-dollar runner.
The business makes money from the constant cycle of launches, speculation and failed attempts.
Traders need winning coins to make money. Pumpfun just needs them to keep trading.
early alpha
just got my @projpharos card
you can try your luck at WL by getting your own tribe card, takes just 2 mins
top 50 on the leaderboard get WL & 50 more are raffled
curious to see where this goes
tribe.projectpharos.xyz/
Project Phäros Tribe Cards are LIVE.
100 whitelist spots are up for grabs, with the top 50 on the leaderboard each earning a spot.
→ Head to tribe.projectpharos.xyz and choose your tribe
→ Claim and share your Tribe Card
Your tribe awaits 👇
SnarkW retweeted
Record buyback last week:
Purchased 475,619 ETHFI for a total of 278,026 USDT
Total: 2,991,948 ETHFI
(facts aren't FUD)
the amount of scammers in this space is ridiculous
problem is how quickly we forget
someone scams people, ruins their trust, and just a month later they're back in the space, getting attention and support as if nothing ever happened
that's insane
instead of chasing the next opportunity, our priority should be supporting the right people and projects
NFTs aren't gambling
Crypto isn't gambling
Get a grip!
