Toly says he wants Solana to win all trading
“My goal is to see the percentage of market share that Solana has on perps just grow month over month, year over year”
“I want Solana to win in all trading. Anything that has to do with trading, I want it to be on Solana and I want it to grow year over year”
@toly@FundstratDirect
Was curious so I actually went and looked at how much these launchpads extract from graduated tokens.
PumpFun: 0.05% StonkFun: 1% Pons: 0.3%
So StonkFun is taking 20x what PumpFun does and Pons is taking 6x.
This is without creator fees btw. Literally just what the launchpad itself extracts from the trenches post bonding.
Not defending PumpFun either, obviously they’re extractive too lol.
Just funny seeing everyone talk about PumpFun extraction when pretty much every alternative is extracting way more.
My take on Clarity Act:
- doesn't matter much for BTC or ZEC
- matters more for ETH and SOL, but still not tons (given below points)
- SEC is gonna release favorable rule-making that will do most of what Clarity would've done anyway
- tradfi will have ~2.5yrs to launch products & gain enough traction such that some future hostile admin won't bother attacking crypto too hard
- Crypto haters like Warren will probably have fully moved on to AI hate by the time a new admin could be in place anyway
You are not "creating millionaires" by pumping zero sum tokens
You are redistributing wealth from many to a select few
I never understood how people can act like they're doing sth good, at best it's neutral, at worst a bunch of bad actors rake in 90%+ of their followers money
A Serious Question
Would you trade on an exchange that admitted to running an internal market-making desk? Essentially trading against it's users?
What about an exchange that lured people into investing on the broken promise they would soon be rewarded with an airdrop?
Would you trade on an exchange where the order books - by design - positioned liquidity in a structure that favored easy liquidations?
If you're like me and your answer to the above is "hell no!" then I invite you to join me in refusing to trade any Pump Fun tokens.
We have better options, now (like @LaunchOnSF ) If memes are something you're good at (everyone has their super power) it's no longer Pump or nothing.
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