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Boop.Fun leading the way with a new launchpad on Solana.
I heard a ridiculous story these past couple of days. A certain old team, in order to pay less tribute for an outsourced project, took a spot offer for bn day2. The old team was incredibly confident about the project's performance after launch, opening the market at a ridiculously high price. They didn't want to share profits with market makers, so they didn't seek out proactive MM who could provide funding, and they also didn't prepare enough money to pump the price themselves. Unexpectedly, the price crashed on Day 1, failing to meet the conditions for day2 listing. This became awkward; although they could still pump the price to meet the conditions, pumping requires money to gather funds, and the team was reluctant to spend money to pump since they opened too high. Watching the mouse warehouse chips without any liquidity from the first line, they just clocked out. Now they are in an awkward state of being unwilling to spend money to work, yet unable to clock out directly.
This really embodies the characteristics of the old team: greedy, blindly confident, stingy, and misaligned in their understanding. In the future, the old team's projects really won't be able to succeed.
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