Memecoin 'bagworking' revival on Pump.fun
Prominent Solana traders are promoting a narrative of rewarding community-driven coins, pointing to large gains on a Chinese-cat themed token.
What we know
A prominent trader argues crypto isn't dead given bag working not seen in over a year. Traders highlight a $7,360 buy turned into $314K profit on one token. Others claim the push may be a Pump.fun cabal play to revive volume (unverified).
What people are posting
Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.
@blknoiz06
“make bagworking great again”
View post →@Palgrani2
“pumpfun cabal play to get the trenches to spend money on new pairs again”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.