alanbwt on Nostr: Memecoins are set up such that only those who pump and dump a new token the fastest ...
Memecoins are set up such that only those who pump and dump a new token the fastest after a meme emerges reliably earn a profit.
By the time retail hears about a new memecoin, the dump is either imminent or already underway.
Yet, even for the token creators who successfully pump and dump, they create negative karma for themselves.
Published at
2024-06-23 20:27:10Event JSON
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"pubkey": "1bd32a386a7be6f688b3dc7c480efc21cd946b43eac14ba4ba7834ac77a23e69",
"created_at": 1719167230,
"kind": 1,
"tags": [
[
"imeta",
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"blurhash eUN]wP0Mx^_0?b?sjFofxsxZ?axttQRkM|M|oyayofoex^t7e.WCj?",
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"content": "Memecoins are set up such that only those who pump and dump a new token the fastest after a meme emerges reliably earn a profit.\n\nBy the time retail hears about a new memecoin, the dump is either imminent or already underway.\n\nYet, even for the token creators who successfully pump and dump, they create negative karma for themselves. https://image.nostr.build/65b02c86b9a7ccd4b737b426759d291b0276eda4a07e68f5cca812cd086f304e.jpg ",
"sig": "64d46818a46a7a87925a490196407e0e4e24c2e2438d5da52bc4f9aa4ac1f298f4c24a4574c675125bc2268f398abb2a36f90680394d047d3db6f1a6298f695d"
}