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BrixBountyFarm π©
@brixbounty
Guess I donβt like bonding curves of fafo techβ¦ Can someone who reads block explorers better than me confirm that 30M of a 1B supply was put into the lp, giving the pre-bonding buyers (checks notes) 97% of the supply for 15.5 WETH or 50K. Going to go finish season one of squid games.
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BrixBountyFarm π©
@brixbounty
Maybe @anonpapi.eth can help confirm Iβm reading this correctly.
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m00npapi ???? bro
@anonpapi.eth
seems like 1 person across multiple wallets ate a FUCKTON of penalties; saw a bunch of 0.1-0.3 buys they were still able to pick up about 9% of the supply, compared to other platforms where they wouldβve gotten ~70-75% of supply besides that the token was super hot π₯΅ your analysis is correct
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Omishon πα½ π©
@omishon
I concur, top wallet bought about 50 million (5% of supply) for 0.75 eth during bonding and then transferred it to a sigma trading bit wallet and sold it all for about 7 eth profit, so a 10x
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Ramsey π©π€
@ramsey
Well, good for them. But I mean, the code allowed that, right? Or was this a LP setting fu*k up? A lot of people here have 0.75 ETH for plays like this, no?
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Omishon πα½ π©
@omishon
Yeah the conclusion on my end is the gating delays the initial sniping but if they buy large amounts during bonding and it graduates to LP the selling when it opens will dump the price unless there is equal demand
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