the latest Larry, GRVM was seeded with a better liquidity range.

The result was that round participants had very little downside - they’re only losing if other holders (3 eth) sell more than the open market buys

since any launch has a lot of attention in first 4 hours its very low risk to swing trade. Buy in at entry price, sell after a couple of hours. Snipers are doing similar. 

this creates very volatile launches that can be helpful for attention, but can also kill community and capital formation by early entrants post rounds exiting to cut losses, and leave creators feeling sheepish

round participants probably need more skin in the game. that doesnt mean open market buys susceptible to bots, but perhaps the inability to swing trade

Building Larry, FOSS via @frames, @framesfun /open-frames to help decentralized social win. a16z CSX23. farcasterchannels.com farcaster.id

could add linear vesting for round participants