$PONS The contract went live, and right away it started harvesting
There was an interesting “fallacy” people had been talking about:
When An’an (An) goes live on BSC, it’s default that price will just go up
For contracts on other chains, it’s default that it’s offering everyone a chance to short
Of course, this is just a joke—but when you put it on $PONS , it’s actually kind of interesting
As a platform token of a launch platform, the on-chain hype on the earlier chain(s) has already been built up. In the usual script, after the contract launches, it should surge again—continuing to push the height
So what happened instead?
A modest pump lured in a batch of people, and then it immediately turned around
After hitting a high around 0.95, it kept getting dumped all the way down. Now it’s already back around 0.76
The most interesting part is:
The on-chain activity didn’t keep up—the contract was harvested first
Originally, we thought the contract launch was the second wave of the market, but it turned into the second wave of the scythe instead
So in the future, when you see a new coin listed with a contract, don’t develop a reflex that “contract launch = it’s going to pump”
Sometimes a contract launch isn’t to get you on board
It’s to provide liquidity for the big players
There was an interesting “fallacy” people had been talking about:
When An’an (An) goes live on BSC, it’s default that price will just go up
For contracts on other chains, it’s default that it’s offering everyone a chance to short
Of course, this is just a joke—but when you put it on $PONS , it’s actually kind of interesting
As a platform token of a launch platform, the on-chain hype on the earlier chain(s) has already been built up. In the usual script, after the contract launches, it should surge again—continuing to push the height
So what happened instead?
A modest pump lured in a batch of people, and then it immediately turned around
After hitting a high around 0.95, it kept getting dumped all the way down. Now it’s already back around 0.76
The most interesting part is:
The on-chain activity didn’t keep up—the contract was harvested first
Originally, we thought the contract launch was the second wave of the market, but it turned into the second wave of the scythe instead
So in the future, when you see a new coin listed with a contract, don’t develop a reflex that “contract launch = it’s going to pump”
Sometimes a contract launch isn’t to get you on board
It’s to provide liquidity for the big players
