“Why are Altcoins underperforming BTC so badly! I don’t understand.” I’ve been saying since the first week of PumpFun that this would cause liquidity fragmentation to the space like we’ve never seen before. Scanning a recent scammers profile on PumpFun brought me to this dude who has deployed over 700+ tokens. In 2020/21, if you deployed more than a handful of tokens in a year you got tar & feathered. You were verbally assaulted & threatened in DMs by people hundreds of times a day. Why? Because you were extracting liquidity from the participants & those participants weren’t having it. Now we seem to be completely ok with this kind of stat (700+ tokens created from one account). “Well it’s the new normal.” NO IT ISN’T. There is NOTHING normal about this. But everyone just keeps playing along. If there isn’t some kind of safeguard against this in the very near future our space is going to ZERO. I mean ZERO ZERO. “Well what do you suggest” Simple. If you’re going to create a token then you should have to privately KYC with the launchpad. As well as having a limit to the amount of tokens launched to 2 launches a month. After a set amount of time (ex. 180 days) if no rugs have occurred, then raise the limits to 3-5 tokens a month. “That defeats the purpose”. No. No it doesn’t. It only ends the serial scamming. The only people who support unlimited token launches are retards, brokies & insiders. Period. Our space is in desperate need of an overhaul. It’s the only way our space gets saved.(CryptoDaddi)