Memecoin Bundling & KOL Dump Culture Frustration
Crypto traders are venting about systematic bundling of 40%+ of token supply by insiders and coordinated KOL pump-and-dumps making fair participation nearly impossible.
What we know
An account on X laid out the core problem: bundlers pre-loading 40% of supply and dumping at 80K market cap repeatedly, removing the need for skill on their part. He followed with a rant about always being the last KOL holding the bag after mutual connections paper-hand. Another account on X noted $PUMP's risk/reward is getting 'disgusting again.' The Proof-of-Swap launch on Ignition (via another account on X) attempts a structural fix with mining-based token distribution inside Uniswap v4 hooks.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.