perpsplexity
there are two games being played onchain
car crash new pairs madness: devs are heavily incentivized to continue launching as many coins as possible because of creator rewards structure innovated by bonk fun, now creator rewards on pump is equal to their actual rev over past 12 months, & there is a cohort of multi-walleting new pairs traders enabled by axiom, gmgn & other pro terminals that also make this a mini game that is beatable, it is never going to stop because both of these groups continue to make money & there will always be gamblers with small amounts of capital looking to flip that into millions, same way slots will never die
the same way pump innovated last cycle with creating the bonding curve for launching coins, somebody will innovate this cycle with creating a more sustainable mechanism for launching coins at a much higher success rate, believe that metadao is attempting this & also longdotxyz, but nobody has fully cracked the code yet in a way that tickles the speculation side of traders brains while also building something more durable for long term, social trading is also an attempt to fix this & one of the reasons fomo is doing so well, if you are able to identify the traders who can sort through the slop & continuously find the .01% of coins that do well, they are worth their weight in gold because it wont matter what the launchpads do, this is also the reason i believe the best traders will be some of the most well respected individuals globally because everyone has discretionary capital that they want to put to use in markets, & historically the best traders are prevented from sharing their positions because they work for successful funds that are never going to do that in real time, the current era of trading we are entering with many retail success stories & immediate social proof makes this new dynamic where traders get popular for being right possible for the first time, facebook-esque moment IMO