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Bonk Eco continues to show strength amid $USELESS rally
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Pump.fun to raise $1B token sale, traders speculating on airdrop
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Boop.Fun leading the way with a new launchpad on Solana.
Why do companies keep IPO'ing like that?
I mean its like seeding a memecoin at the wrong price and then letting someone MEV snipe it, except its somehow legalized + for billions ?
1.8. klo 00.31
Figma just left $2.3 BILLION on the table -- nearly double what they actually raised.
IPO'd at $33. Target open at $95.
That's not "market excitement". It's deliberate underpricing and legalized theft by investment banks who sold it cheap to their institutional buddies. Retail shoves in at open and gets used as exit liquidity.
Same playbook:
- DoorDash: $3.4B stolen
- Airbnb: $3.5B stolen
- 2021 total: $50B stolen
Since 2020, this cartel has stolen over $100 billion that should have gone to real value creators: founders, employees, and retail.
In other words, tradfi MEV remains about 1000x bigger and more underdeveloped than what we have in crypto already
There's a $1T company in the idea of democratizing auctions for everything
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