Meme coins are not the problem, I think that the problem starts with how we launch them and the lack of securities we have in place for traders and investors during the bonding curve.

Nowadays, it’s pretty much impossible to launch a meme coin or project without having snipers, whales, or even insider destroy the early momentum. Don’t let me get started with what bundle transactions are doing to some token launches.

Go on pumpdotfun or other trading terminals and see for yourself, first everything looks good, then the next second everything is read (indicators of how much is owned by whom). You see snipers and bundle initially have close to 0% then suddenly everything dumps and the numbers go above 30%.

I personally think that these indicators are completely unreliable and garbage. What we actually need is a Launchpad that protects traders and investors from the very beginning by preventing bots, whales, and insiders from dominating and manipulating the early stage of a bonding curve until migration.

I am tired of seeing project being launched and getting rugged 3 minutes later. I have begun working on a solution to reduce the risk of rugs during the early moments of the bonding curve until migration. If you want to know the name of the project ask in the comments, I will not write it here as this post is not meant to promote, rather the goal is to have a honest and open discussion.

I would love to hear what you all think about the current state of meme launches.

submitted by /u/ETFCorp [link] [comments]r/CryptoCurrencyRead More

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