Pump.fun, this token-launching machine, saw its own token drop 6.5% in a single day on October 9. Today, it continued its slow slide to $0.0056, still 37% below its all-time high.
The wildest part: the launchpad keeps collecting fees as usual, and the tokens it buys back are paid for with the fees you paid. The tokens retail investors hold were, when all is said and done, sold to them by the platform.
Tell us in the comments: Is buying it ultimately a bet on the platform making money, or are you handing others ammunition for buybacks?
#meme
The wildest part: the launchpad keeps collecting fees as usual, and the tokens it buys back are paid for with the fees you paid. The tokens retail investors hold were, when all is said and done, sold to them by the platform.
Tell us in the comments: Is buying it ultimately a bet on the platform making money, or are you handing others ammunition for buybacks?
#meme