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After speaking with the @Higherdotfun_ team we made the decision to relaunch as an Old School token with 0% fees!
CA: 8HXgBHhhSbro7UuSSAvyQ6X6Sc14zvv4hBwcRx4iZTUY
Why was this necessary?
The initial coin that we CTO’d was a New School launch with creator fees. The @Higherdotfun_ team was not able to redirect the fees (although that fix has been made to new New School deploys).
That meant the original developer would have been taking fees from every trade, which goes against everything the platform and this project stands for.
Part of the reason the trenches haven’t seen runner is due to the excessive fees getting sucked out of every trade.
The new launch fixes that, with 0 fees. Overtime that keeps more liquidity in everyone’s pockets.
We’re excited to move forward and send this Higher, Together!
Our profile picture includes the best OG Solana Memecoins we’ve ever seen.
None of them were launched on Pumpfun.
Coincidence?
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0 fees
Higher Together
Pump-o-nomics.
We will take a stand for what is ours.
Stop letting other platforms, give your hard earned money, to malicious "influencers".
The funds other platforms are giving out, comes from their users. It is generated due to abnormally high and unjustifiable fees.
Higher.
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No fees, no bundles, no bullshit.
Higher Together $Together
8HXgBHhhSbro7UuSSAvyQ6X6Sc14zvv4hBwcRx4iZTUY
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Big reason for this is the excessive fees sucked out of every trade (and trader) via both the Pump platform fees AND Pumpswap.
Stay tuned 👀
Breakdown of the last 30 days of launches via pumpswap
1287703 coins created.
12 memecoins are sitting above $1m market cap that have created in the last 30 days on pumpswap.
Approximately 1 in 107,309 chance of hitting one of these.
29 memecoins are sitting above $500k market cap that have created in the last 30 days on pumpswap.
Approximately 1 in 44,403 chance of hitting one of these.
34 memecoins are sitting above $250k market cap that have created in the last 30 days on pumpswap.
Approximately 1 in 37,874 chance of hitting one of these.
Your chance of picking a coin above $1m is approximately 7 times rarer than being struck by lightning during your lifetime (using the US lifetime estimate - 1 in 15300).
Looks bleak, if you trade don't be sold a dream of believing, just jeet it at 2/300k or so and move on, SOL onchain in a sad state....
Launch numbers from here - tehcscreener.com/pad/solana/…
You can filter yourself on dex to see number of coins $1m/$500k/$250k or above - how many of those are organic.............
GLHF
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It’s time for a change
Why aren’t $1B runners spawning??
Pump launched 1.35M coins this month
• 29k graduated
• 23k closed the day below graduation
• 2.2k held graduation more than one day
They earn 19x more on coins that never bond, it’s how the fee structure is built.
Pump doesn't doesn’t need runners.
They need a new coin every second.
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Behaviors need to change.
Back to basics, 2021 style
Pumpfun added a cool new data point: the PnL of copy traders (including when they sold).
I analyzed the top 50 paid KOLs:
> Their copytraders lost $2.4 MILLION
> Only 6 out of 50 made their followers money.
Methodology & free dataset of 25K calls 🧵
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Launched on @Higherdotfun_
But a better launchpad is just the foundation.
Everything else is built by the Trenches.
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How many times does this need to happen before the average trader actually changes their behavior?
We’ve got to be close!
Higher Together. Back to Basics. solana:BU4FASzMf64REXHY526x11RnusvubZWa16GJBYghhigh
Imagine getting paid almost $650,000 to call out your own coins where you own most of the supply to later on rug all of them 😭
Legendary ngl
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Reason 638 it’s time to stop the social trading mindset and get back to basics.
Good memes, organic communities, and bagworking.
Higher Together. $Together
BU4FASzMf64REXHY526x11RnusvubZWa16GJBYghhigh
one of Pumpfun's biggest KOLs @slingoorio apparently dumped all the coin he's been shilling and went private right after
wouldn't be surprised if holders are sitting on a high 7 figs in losses across all those bundled coins
the most shocking part is how unsurprising this has become for pumpfun affiliates
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These kinds of plays only go lower.
It’s time to start making organic coins go Higher, Together.
But @blknoiz06 told me it was the next AI
@Chairman_DN said it was the next WIF
@Dior100x said I’d retire my mum
@Pumpfun even verified it
Where did I go wrong? Kek
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