19 hours ago, Alon, the co-founder of Pump.fun (often times a chill character), shilled $HANTA, a memecoin originated on his platform.
No doubt, Alon was able to see it bundled. And he had all the time in the world to shill it before the top. But he didn’t. Out of curiosity, I measured at what price he decided to “introduce it to the public”.
Wouldn’t you know it, he shilled the top! Right where all the insiders started dumping. Quite literally, the coin’s Market Cap at that point was $9.5M. From there, it dipped to under $6M.
People who bought the top made the insiders a lot of money. Unless you’re an insider, stay away from memecoins, and DON’T take advice from influencers. Most of them are not your friends. But they are friends of the bundlers 🙂
