
Amol
@0xamol
301 Following
1701 Followers
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I wrote a report to the SEC👇
Note: I love memecoins and i think they’re here to stay but we have to fix what’s broken first.
Back in October and November 2024, I started getting this gut feeling that something was off in the Solana memecoin space. It wasn’t just the usual market chaos—it 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 wasn’t just random farmers and botters—it 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 here’s the catch: unless you’re in the inner circle, you’re getting dumped on. Plain and simple. Retail traders, newcomers, even experienced memecoin traders who aren’t part of these insider networks?
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