This was not how $ponzi was launched. It was done mostly the opposite but Just so you guys are aware. The playbook for most (not all) (usually meme) coins on Solana (and EVM) is this. 0. Simple coin. (No complex dev work or mechanics. Generally a meme coin or dead coin) 1. Small LP (this is so you don’t have to risk much personal capital, it also makes pumping the coin easier) 2. Supply control (dev needs to own 90%+) 3. Volume bots (to trigger buys and make it look “hot”) 4. External capital (some money on the side to pump the coin) You then get a “cabal” now this isn’t some shadowy thing. It’s just early (ideally rich) backers/buyers. These are usually KOL types (but not always) they usually have their own group of people that buy with them. You then launch the coin, and once volume picks up (other than your volume) you immediately sell into the volume. How aggressive you sell into the volume is if people call it a “rug!” Or not. (Spoiler no matter what you do they will call it a rug.) Then once you push the price down, you take the money you made, and push the price back up. The hard part is there are people who track this and will buy up the coin low with you and sell into your buying pressure. So you are capped unless you have infinite money. So it’s a little mini game. But this is why most just don’t try to run it back after the first dip. It also makes pumping it without organic support basically impossible. So this is why the line of “DEV DO SOMETHING!?!” Is a meme. For the record $ponzi is basically the opposite of the points above.
Show original
8.64K
47
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.