It's time I speak on it. It might be an interesting time to be alive. Technology and media come together for the meanest equation. Attention is liquidity. Just ask this one user. One account is responsible for nearly 18,000 tokens created on Pump Fun. According to one source, they make dozens of tokens an hour, every day, for months.
They've made almost 4 million dollars.
And I have to say, the strength of the survivorship bias is the business model of speculation. Meanwhile, the platform of Pump Fun itself continues move money from the creation of these digital assets, 40 million today.
I wasn't even surprised when I read this. 1 million new tokens are created each week. It's no wonder I agree with Coinbase on this one:
This is a high-quality problem to have, but evaluating each one by one is no longer feasible.
And so, if there's such a volume of tokens coming out, the survival rate is further reduce by magnitudes. I mean, come the next bear, the number of empty Telegram channels, Discords and abandoned Twitter pages will be sky-high.
It'll be a great digital depression of attention when euphoria cools off, but what if your niche didn't have to perish alongside the millions of others? What if a team entered the picture with an enduring framework, economic feedback loop so decentralized, you'd earn what you hunt and keep it.
You wouldn't have multi-sig problemscrop up about who's supposed to get paid what. You'd post-2-earn ideally, so your generated traffic would equal your generated profit- somehow, some way.
I'm an advocate of the freedom to transact, which includes this fetish with launching tokens. I don't condone it at all, however. Hence, my strange infatuation for joining embattled communities near the bottom of their asset cycles and invigorate them through transparent action and communication.
I wonder why. Too dumb to code, too smart to not build.
