json
6.3K posts
Just waiting till the rest of world realizes that retail activity is literally all that matters and this entire industry has been focused on the wrong user demographic for years
SolanaFloor@SolanaFloor
🚨NEW: @Pumpfun has become the #1 protocol by 24-hour DEX volume across all chains.
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“while I think this behavior is incredibly destructive, I believe it is a permanent pendulum, and I believe we're currently at the extreme end of that pendulum”
AKA we acknowledge the problem, BUT don’t care to fix it because it generates us fees, so we won’t do anything.
json@json1444
PVP has been a massive point of contention over the past few days, and many plead for a fix from the launchpad layer. however, I believe the causation of PVP is misguided and isn’t the result of the launchpad, but a result of: 1) broader liquidity leaving the market 2) behavioral problems it’s no secret that we’re in a bear market & more liquidity has left the market than has entered over the past 6 months, hence why ceilings are much lower & opportunity feels scarce with lower liquidity & lower ceilings comes the desire to find edge elsewhere. if traders know they’re not going to succeed holding, and they can't beat other traders, there may be edge in redeploying an already successful coin; whether it’s under the guise of a better ticker, image, has tracked wallets, fee distributions, etc. while I think this behavior is incredibly destructive, I believe it is a permanent pendulum, and I believe we're currently at the extreme end of that pendulum, which is why we’re experiencing incessant & unrelenting PVP compared to what we see in a bull market (PVP exists, but faces nowhere near the level of participation as we see now)
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PVP has been a massive point of contention over the past few days, and many plead for a fix from the launchpad layer. however, I believe the causation of PVP is misguided and isn’t the result of the launchpad, but a result of:
1) broader liquidity leaving the market
2) behavioral problems
it’s no secret that we’re in a bear market & more liquidity has left the market than has entered over the past 6 months, hence why ceilings are much lower & opportunity feels scarce
with lower liquidity & lower ceilings comes the desire to find edge elsewhere. if traders know they’re not going to succeed holding, and they can't beat other traders, there may be edge in redeploying an already successful coin; whether it’s under the guise of a better ticker, image, has tracked wallets, fee distributions, etc.
while I think this behavior is incredibly destructive, I believe it is a permanent pendulum, and I believe we're currently at the extreme end of that pendulum, which is why we’re experiencing incessant & unrelenting PVP compared to what we see in a bull market (PVP exists, but faces nowhere near the level of participation as we see now)
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@0x_lachlan pump fun isn't telling you that you're in the wrong coin, your counterparties are
you are the only person who can stop yourself from being psyoped
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@chasingexes yes
when coins aren't running as high, traders are inclined to move further down the risk curve which inadvertently makes them far more likely to get chopped up if that isn't their game
waiting for opportunity > forcing opportunity
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if people are losing because of PVP, just don’t buy a brand new coin (which is inherently max risk).
after 1 day the pvp rate goes down 90% so it’s a much more clear eyed way to “invest”
the earlier you buy, the more risk you’re taking.
if you’re -ev playing new pairs: not losing is a trade too. wait, bid after the dust settles. you might miss an instant 10x but you’ll be more profitable (and sane) over time
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I assume you're referring to introducing deployment fees, but correct me if I'm wrong
adding a fee to deploy tokens would only further enrich bad actors, bundlers & everyone alike
deployment fees would merely price out the little guy who often isn't the one creating the PVP, but the one being chopped up by it
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@json1444 its a permanent pendulum in your case because you made it so that anyone that wants to create a pvp can in seconds
the barrier of entry to NOT do it is nonexistent
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a common rebuttal to my take on PVP is that with every new launchpad update comes another excuse to PVP. whilst I don’t believe the new updates are the cause, they may lead to discrepancies between expectations of what types of tokens should run for certain narratives, but these edge cases ultimately resolve as market participants adapt to changes - don't be psyoped into nuking your conviction bags!
additionally, there are unjust claims that pump fun benefits more from PVP: for any avoidance of doubt, pump fun makes *more* money if we have more runners. yes, pump’s fee structure is higher on the bonding curve, but high market cap runners undoubtedly lead to more liquidity, more participants & more fees for pump fun. PVP merely forces liquidity & participants out of the market & isn't good for pump nor its users
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People will hate this but
PumpFun might be the best thing that happened to SOL
200K graduated tokens with ~40% SOL stranded in dead LPs = ~5M SOL
+ Ungraduated bonding curves hold ~300K SOL
Combined that's 1% of SOL's cicrulating supply gone
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the trenches are either close to a bottom or have bottomed
the timeline has been quieter than ever, sentiment has been awful, yet every single one of us are here under one belief:
retail will come back, liquidity will come back, and we will all make it
I believe.
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