
Amol
@0xamol
301 Following
1705 Followers
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I wrote a report to the SECđ
Note: I love memecoins and i think theyâre here to stay but we have to fix whatâs broken first.
Back in October and November 2024, I started getting this gut feeling that something was off in the Solana memecoin space. It wasnât just the usual market chaosâit felt controlled, like there was some invisible hand orchestrating the whole thing.
By mid-December, after digging through on-chain data, tracking connected wallets, and mapping out the key players, I found more than enough proof of collusion. It wasnât just random farmers and bottersâit was a coordinated system. The same groups controlled everything: the pumps, the dumps, the narratives. It made me completely rethink the idea that memes were this organic, free-market phenomenon.
But hereâs the catch: unless youâre in the inner circle, youâre getting dumped on. Plain and simple. Retail traders, newcomers, even experienced memecoin traders who arenât part of these insider networks?
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