THE TYPICAL LIFE CYCLE FOR A PUMP.FUN TOKEN IS AS FOLLOWS: THE MARKET CAP LADDERS UP ON THE PLATFORM UNTIL IT REACHES 69K UPON WHICH THE TOKEN IS RELEASED ONTO THE OPEN MARKET. USUALLY THE COIN IS IMMEDIATELY DUMPED BY BOTS AND CYNICAL HUMANS EXPLOITING THE INITIAL LIQUIDITY. MANY PEOPLE MISTAKE THIS INITIAL DROP IN PRICE FOR A ‘RUG’ BUT IT’S OFTEN JUST A GROWING PAIN OF BRINGING THE TOKEN TO MARKET. IF THE DEV DOES NOT SELL, OR EVEN IF THEY DO, ALL IT TAKES IS SOME ACTIVE CAMPAIGNING ON SOCIALS, LUCK AND A GOOD PREMISE FOR A TOKEN TO SLOWLY RISE AGAIN FROM ORGANIC VOLUME. BOTS RUSH IN DURING THE INITIAL RUN UP, THEY RUSH OUT WITH INITIAL LIQUIDITY AND IT IS UP TO MARKET PARTICIPANTS TO DECIDE WHAT IS ACTUALLY VALUABLE ON THE SECONDARY MARKET ONCE THIS PROCESS IS COMPLETE.
SOMETIMES, YOU’RE THE ONLY HUMAN TOKEN HOLDER AND YOU FIND YOURSELF ALONE AFTER THE BOTS RUN OFF WITH THE LIQUIDITY. OTHER TIMES, YOU ARE THE ONLY HUMAN WITH CONVICTION LEFT STANDING AFTER YOUR FELLOW HUMAN USERS FOLLOW THE BOTS OUT THE DOOR. HUMANS WITHOUT CONVICTION AND BOTS ARE INDISTINGUISHABLE IN THIS PROCESS TURNING PUMP.FUN INTO A KIND OF BACKWARDS TURING TEST; FIND OUT WHICH HUMANS CONVINCINGLY BEHAVE LIKE ROBOTS.
I’VE BEEN THINKING ABOUT THIS PATTERN; A FRENZIED RUN UP, INORGANIC VOLUME, AN IMMEDIATE CRASH ONCE THE TOKEN IS BROUGHT TO MARKET AND FINALLY A SLOW, ARDUOUS REBUILDING. THIS PROCESS IS FRACTAL; IT IS THE PATH OF ALL EMERGING TOKENS AND IT IS ALSO THE PATH OF TOKENIZED MEDIA AS A WHOLE ACROSS THE LAST FEW YEARS.
NFTS, MEME COINS, DAO COINS, ALL THE COINS REALLY - ARE DIFFERENT VERSIONS OF THE SAME PRODUCT. IF YOU’RE PLAYING THE GAME RELATIONALLY THROUGH SOCIAL GRAPHS, ALL OF THESE TOKENS ARE WRAPPERS FOR DIFFERENT KINDS OF COMMUNITY. THEY ARE FAR MORE ALIKE THAN THE NARCISSISM OF OUR SMALL DIFFERENCES WOULD HAVE YOU BELIEVE. YOU CAN SEE THEIR SHARED PROGRESSION THROUGH THE LENS OF THE PUMP.FUN BONDING CURVE MODEL. I BELIEVE WE ARE AT THE POINT IN THE GAME WHERE PLAYERS WITH CONVICTION START IDENTIFYING WHICH ASSETS THEY WANT TO SUPPORT OVER A LONG HORIZON. THE ASSETS HAVE BEEN BROUGHT TO MARKET, THEY WERE WILDLY INFLATED, LIQUIDITY WAS SWIFTLY EXTRACTED AND NOW MOMENTUM IS SUCH THAT WE CAN START WITH PRICE DISCOVERY.
WE ARE EMERGING FROM A RAVINE AND PART OF THAT PROCESS IS THE MERGING OF PREVIOUSLY DISPARATE COMMUNITIES. MEME COIN TRENCH WARRIORS, TELEGRAM TRADERS, CULTURE COIN SQUADS, DAO FRIENDS, SOLANA KOLS, LIQUIDITY CABALS, INFOGRAPHIC STANS AND GRAPH ANALYZERS WILL ALL NEED EACH OTHER TO CHART A SUCCESSFUL PATH THROUGH WHAT IS COMING; A REPRICING. IT IS TIME TO FIGURE OUT WHAT WE VALUE.
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SOMETIMES, YOU’RE THE ONLY HUMAN TOKEN HOLDER AND YOU FIND YOURSELF ALONE AFTER THE BOTS RUN OFF WITH THE LIQUIDITY. OTHER TIMES, YOU ARE THE ONLY HUMAN WITH CONVICTION LEFT STANDING AFTER YOUR FELLOW HUMAN USERS FOLLOW THE BOTS OUT THE DOOR. HUMANS WITHOUT CONVICTION AND BOTS ARE INDISTINGUISHABLE IN THIS PROCESS TURNING PUMP.FUN INTO A KIND OF BACKWARDS TURING TEST; FIND OUT WHICH HUMANS CONVINCINGLY BEHAVE LIKE ROBOTS.
I’VE BEEN THINKING ABOUT THIS PATTERN; A FRENZIED RUN UP, INORGANIC VOLUME, AN IMMEDIATE CRASH ONCE THE TOKEN IS BROUGHT TO MARKET AND FINALLY A SLOW, ARDUOUS REBUILDING. THIS PROCESS IS FRACTAL; IT IS THE PATH OF ALL EMERGING TOKENS AND IT IS ALSO THE PATH OF TOKENIZED MEDIA AS A WHOLE ACROSS THE LAST FEW YEARS.
NFTS, MEME COINS, DAO COINS, ALL THE COINS REALLY - ARE DIFFERENT VERSIONS OF THE SAME PRODUCT. IF YOU’RE PLAYING THE GAME RELATIONALLY THROUGH SOCIAL GRAPHS, ALL OF THESE TOKENS ARE WRAPPERS FOR DIFFERENT KINDS OF COMMUNITY. THEY ARE FAR MORE ALIKE THAN THE NARCISSISM OF OUR SMALL DIFFERENCES WOULD HAVE YOU BELIEVE. YOU CAN SEE THEIR SHARED PROGRESSION THROUGH THE LENS OF THE PUMP.FUN BONDING CURVE MODEL. I BELIEVE WE ARE AT THE POINT IN THE GAME WHERE PLAYERS WITH CONVICTION START IDENTIFYING WHICH ASSETS THEY WANT TO SUPPORT OVER A LONG HORIZON. THE ASSETS HAVE BEEN BROUGHT TO MARKET, THEY WERE WILDLY INFLATED, LIQUIDITY WAS SWIFTLY EXTRACTED AND NOW MOMENTUM IS SUCH THAT WE CAN START WITH PRICE DISCOVERY.
WE ARE EMERGING FROM A RAVINE AND PART OF THAT PROCESS IS THE MERGING OF PREVIOUSLY DISPARATE COMMUNITIES. MEME COIN TRENCH WARRIORS, TELEGRAM TRADERS, CULTURE COIN SQUADS, DAO FRIENDS, SOLANA KOLS, LIQUIDITY CABALS, INFOGRAPHIC STANS AND GRAPH ANALYZERS WILL ALL NEED EACH OTHER TO CHART A SUCCESSFUL PATH THROUGH WHAT IS COMING; A REPRICING. IT IS TIME TO FIGURE OUT WHAT WE VALUE.
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