Another token aiming to take down a launchpad—its market cap crashed back to around $100K in 90 minutes 😂
There was a project called $LAUNCH, pitching itself as fairer and specifically targeting Pumpfun. It launched on October 25 and briefly reached a market cap of around $3 million. Then sentiment shifted on October 28. Someone watching the charts calculated that in about 90 minutes, its market cap plunged from around $1.8 million to roughly $100K. About an hour before the crash, around 450 SOL had already been pulled from two liquidity pools.
The team even posted a goodbye message, claiming they’d lost over $45K propping up the price. Then they deleted their official Twitter account, and the website went offline too. Some people lost four or five figures. Just yesterday, the group was still bragging about a multimillion-dollar market cap; now there’s barely anything left.
Over the past few months, I’ve come across at least 10 launchpads claiming they’d take down a certain competitor. Most of them end the same way. The louder the slogans, the quicker they disappear.
If you’re new, watch more and trade less. If you’re buying crypto, stick to $BTC .
There was a project called $LAUNCH, pitching itself as fairer and specifically targeting Pumpfun. It launched on October 25 and briefly reached a market cap of around $3 million. Then sentiment shifted on October 28. Someone watching the charts calculated that in about 90 minutes, its market cap plunged from around $1.8 million to roughly $100K. About an hour before the crash, around 450 SOL had already been pulled from two liquidity pools.
The team even posted a goodbye message, claiming they’d lost over $45K propping up the price. Then they deleted their official Twitter account, and the website went offline too. Some people lost four or five figures. Just yesterday, the group was still bragging about a multimillion-dollar market cap; now there’s barely anything left.
Over the past few months, I’ve come across at least 10 launchpads claiming they’d take down a certain competitor. Most of them end the same way. The louder the slogans, the quicker they disappear.
If you’re new, watch more and trade less. If you’re buying crypto, stick to $BTC .
