at-ohm retweeted
One of crypto's largest KOLs has been secretly extracting millions from his audience
We’ll expose him soon
Unfortunately, he’s just a symptom of a much bigger problem
Social trading has brought out the worst in KOLs. It was designed to keep them honest by making every trade public. In reality, the opposite happened
In just a few weeks, we exposed a number of "top social traders" using the same tricks:
• Public wallets to attract copy traders
• Side wallets to dump
• Callouts to farm rewards
• Bundled tokens to hide supply
And there are plenty more doing the exact same thing
Why? Because our industry incentivizes it
1) Launchpads allow it
Most launchpads today are obsessed with one thing: volume. Millions in callout rewards, affiliate links, and top leaderboards. Almost nothing on detecting bundles, side wallets, or shady traders. Scams drive volume. Launchpads have no reason to stop it (other than actually caring about their users)
2) Social trading incentivizes it
Side wallets have become a business model. Before social trading, only big KOLs could do it. Now, anyone who lands on a leaderboard can monetize by dumping on their copy-traders. The temptation is real
3) CT normalizes bundle culture
“Everyone bundles. It's how it's done" - an excuse we hear every time we expose a KOL. Supply control isn't the problem. Hiding it is. If it's so bullish, why hide it? Spoiler: because you're planning to sell
***
Launchpads are paying millions to dishonest KOLs. It's time they start taking it seriously
Audit the top traders. Expose their side wallets. Ban repeat offenders
We have the tools. What's missing is the willingness to use them
No one's coming to save us
at-ohm retweeted
What's the difference between a marketing lie and a joke?
This past week X had one of each.
One left me with a bad taste in my mouth, and the other made me smile.
I've been curious about why, so I wrote this to figure it out.
at-ohm retweeted
5JapmLrNperGCAMD9uLLxmw5EXzEkCyh3gYiC6eypump
A duck named Stu who lost both of his feet has a brand new prosthetic pair, a Butler County animal rescue says. cbsnews.com/pittsburgh/news/…
at-ohm retweeted
solana:35fWL6pdJqpconRZPrawUAQegw1QF3p2tgN7mzhTpump and solana:8uZieiVy2AanCpYkfxR1quKSbzPKuMUaNYwQ61mrT3iu
@shawmakesmagic just published a GitHub repo: github.com/lalalune/pumpfun-…. This repo is a reverse-engineering project (recreating the source code) of Pump.fun's on-chain programs on Solana.
@shawmakesmagic was also previously involved in several other fast-rising and highly successful memecoin projects, most recently @elizaOS
That's why solana:35fWL6pdJqpconRZPrawUAQegw1QF3p2tgN7mzhTpump quickly received wide attention from the community, but behind it there's also a related repo: github.com/morluto/rea with the token solana:8uZieiVy2AanCpYkfxR1quKSbzPKuMUaNYwQ61mrT3iu (reaching nearly 400k stars)
According to SHAW's announcement, he used Morluto's REA repo to recreate all of the Pump.fun contracts. Per his announcement it has only loaded to 90% so far, but completing the full 100% will still take quite a while,
Let's see, with the power of AI, how long it takes and how many tokens it costs to fork a top-revenue project in its original form
solana:35fWL6pdJqpconRZPrawUAQegw1QF3p2tgN7mzhTpump mevx.io/solana/35fWL6pdJqpco…
solana:8uZieiVy2AanCpYkfxR1quKSbzPKuMUaNYwQ61mrT3iu: mevx.io/solana/8uZieiVy2AanC…
This quoted post is unavailable.
at-ohm retweeted
everyone keeps crying bout @Pumpfun but this is the first real protest ive seen. @shawmakesmagic reverse engineering their whole code and open sourcing it is some real cypherpunk shit.
they bled the trenches dry and broke every promise. if u want shit to change u gotta beat them exactly like this with their own weapons and expose them completely.
this aint just a simple meme token, its backed by the very code that strips away their power and throws them completely naked out into the open. dont expect shaw to build some roadmap project out of this. this aint a utility token. its a straight up rebellion.
and watching those pumpfun bitches not being able to enter or share a token with this much volume is hilarious lol. but we also gotta start prepping for them to delist this token cuz theyve pulled that exact shit before.
#BOYCOTTPUMPFUN
solana:35fWL6pdJqpconRZPrawUAQegw1QF3p2tgN7mzhTpump
at-ohm retweeted
ANOTHER CRIME IN 4 PICTURES 🚨
> KIMCHI posts a pumpfun QR “project kimchi”
> @a1lon9 (pumpfun founder) RT the post
> token "project kimchi" pumps to $11M mcap
(this is his second token, not the "official" one from 48h ago)
> @kimchi1x account allegedly hacked, post deleted
> "fake" token immediately dumps to zero
> Kimchi removes pumpfun affiliate badge + pumpfun from bio
another extraction. more crime? 🤡
at-ohm retweeted
giving away $10,000 USDC split between 30-50 lucky followers
to enter you must:
⚪️ RT this post
⚪️ sign up on Pumpfun using code XET / pump.fun/join/xet
⚪️ complete at least 1 trade on Pumpfun
⚪️ tag 2 friends and comment your Pumpfun username
users with no trades won’t qualify, it’s not a 1 day giveaway
giveaway will run until i see enough users meeting all the requirements. might also do separate posts to announce winners in batches
good luck everyone 🤍
at-ohm retweeted
at-ohm retweeted
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