
defioasis.eth|May 13, 2025 13:43
The frequent occurrence of golden dogs, in addition to the significant recovery of potential purchasing power on the chain as previously mentioned, the internal competition of Launchpad has also driven the birth of golden dogs, and the gang conspiracy group cabal behind it has made efforts one after another
Raydium based LaunchLab and LetsBank jointly cut 36% of the market share in token creation on May 12th, with LetsBank creating 12200 tokens on the same day, which is about 51.5% of Pump Fun's. It seems that this is the most stressful time for Pump Fun
The current basic strategy of Launchpad for Pump Fun is to build platform coins for cost empowerment. Pump Fun has strong earning power and does not require coin issuance. The earned SOL is then transferred to the exchange for sale, without the need to give it to token holders or investors. Most of it is pure profit. So many Launchpads use the point that Pump Fun does not receive any cost dividends to attack, which is known as vampire attacks
The essence of the gimmick of using the money earned from Launchpad to empower platform coins is Believe. Although the daily token creation is not high, the platform coin PASTERNAK is a real bargain
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