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DoomPosting
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Degens Deteriorating
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$70k BTC
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This thing wild

At $25m

Flash crashed to $10m

Almost immediately bouncing back to ~$20m on very high volume of $12M+

Massive weirdness
wtf
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State of web3
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or… onchain summer
Many such cases lately.

Incredibly…

Despite Solana literally not letting you even create your own smart contracts for coins(?!?!) … Solana is quickly becoming THE MOST SCAM FILLED DEV EXPERIENCE EVER

Yes, beating all the other chains.

How?

Because in their infinite wisdom, Solana decided to make every tiny offchain interaction with coins require a THOUSAND F’ING LINES OF CODE

Now the whole ecosystem is flooded with scams to in products and apis made to help people launch coins faster.

Fooded.

Found intentional drainer exploits in the code of 2 more people’s code who I’d tried to hire last month.

That brings the total to… 8 of 10 people we tried to hire now…

Will share more of them publicly soon. It’s absurd.

Absolutely fing insane.

Solana this is your fault you communist fake-job-creating morning.

Solana make your off-chain APIs concise. 1 or 2 lines of code per action. Not a f&$cking thousand lines.

Solana eliminated on-chain exploits,

While enabling more on-chain exploits and scams targeting coin creators and devs than ever before.

Amazing.

But yeah, most will get through it.

Just shouldn’t be this bad.
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other scammers better step up your game
idk
And… really this is exactly why memecoins should have a regular 24-hour “fair launch”,

dividing up X% of the funds pro-rata among everyone who contributed in that 24h window.

625x overnight is way too big

240x in 48 hours by BOME was already huge

625x and suddenly tons of super broke people have millions to dump on it

too many millions set to dump early and the big money will never be attracted

Big money not attracted and then those broke overnight millionaires suddenly can’t exit

More 24h fair launches.
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