the same "hover it as i extract 70%" pa on a lot of these @launchcoin cooks with giga volume...
these should be way higher than they are, but the mechanism of deployments on @believeapp is holding them back.
wrote about it on tg yesterday...
pump has many bugs that serve as features. one is the fact that all their launches are anon
yes launches on pump provide zero proof-of-dev, and thus present opportunities for infinite grift...
but even worse are launches that are tied to a popular creator making a specific tweet to a twitter account. this mechanism is only "fair" until people setup account specific snipes. at that point your entire floor is just rapists with good infra (hi @FlippingProfits)
this harks back to the solana hackathon days where people were bribing bloom routers $300k to pull 10% of the supply off curve. but this is even worse... this is on-curve, at the very beginning of the launch of the coin
still very bullish, still have large bags, still love this momentum. just pointing out a reality of the mechanism we are playing with here.
if @pasternak wants to fix this, the answer is simple. open up a webapp where anyone can launch anonymously... otherwise handles will keep being camped and this will get far worse
revshare is @launchcoin's value prop, this twitter feature is just a deployment inroad but shouldn’t be a hill to die on…
State of the @believeapp trenches:
- Any coin with a remotely notable/high follower count/good mutuals deployer now bonds within 2-3 seconds
- This means top coins bond before less optimized tools like axiom or custom feeds even pick up the tweet (my feed has ~4 sec latency, axiom has ~9)
- Most good snipers up 6 figs in the last 12-24 hours
Tldr, would buy existing pairs vs new ones unless (a) it's someone extremely notable (volume will outweigh sniper sells), (b) you're sniping yourself, or (c) you can judge where snipers are almost out and think the coin can recover
People will probably get burnt out of new believe pairs within a day or two as this becomes more obvious
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