Pump PVP Manual: Scythe and Chives Promote Each Other's Evolution
The methods of malicious harvesters are constantly evolving. This article can serve as a partial reference for combating them, but when everyone uses the same or similar strategies, those strategies become ineffective. Only by continuously evolving can one survive in the market.Author: Nan Zhi, Odaily Planet Daily
Before the popularity of Pump.fun, for safety reasons, Solana Meme investors were mostly "10 u war gods" to prevent Rug operations such as DEV removing liquidity. However, in March, influenced by BOME and SLERF, ultra-large pool Meme tokens began to gain popularity on Solana, but due to the overall market downturn and an increase in exit scams, it once again entered a freezing point.
After that, Pump began to take over------convenient opening methods and secure token endorsements made Meme tokens on Solana popular once again. Affected by attack events, Pump.fun launched a 7-day zero-fee campaign, and the number of new tokens on Solana continuously set historical highs, with daily new tokens exceeding 20,000.
However, the emergence of Pump has changed the characteristics and gameplay of Meme once again, and the harvesting methods of malicious DEV have also evolved. Odaily Planet Daily will analyze market characteristics and some techniques in this article.
Token Market Characteristics
Tokens born in Pump have some significant characteristics, which we summarize as follows.
Riding the Hype
The extremely convenient token issuance method of Pump.fun has rapidly increased the number of DEV focused on hype projects. Just like how anything Musk posted on Twitter would be dissected into countless Ethereum meme coins, Pump mostly targets some Solana ecosystem big V startups, including Ansem, Yelo, etc. Following such big V can help you obtain early chips at the first opportunity. However, it is common to see five or six tokens with the same keyword appearing within one or two minutes, in which case the first token is not the main advantage; it should be more about chip distribution and buying speed.
Internal Market is Dead
Pump.fun is divided into internal and external markets, and the internal market requires purchasing 85 SOL to end. After it ends, LP will be added and burned. However, due to the significant price difference in chip costs between early participants and late participants in the internal market, there is usually at least a five to six times difference, so many DEV often take profits directly when the internal market reaches 80%-90%. How to respond? The simplest way is to keep an eye on the chip list on the pump interface and exit at the first moment the DEV leaves. Additionally, users can try PlonkBot, which has the function to race against DEV to exit, but the success rate is limited.
Market Cap Has a Clear Upper Limit
The large number of tokens disperses funds, making the creation of Meme consensus fragmented. Even if one successfully survives the internal market, only a few tokens can break through a market cap of 300,000. According to some users who have participated in many Pump projects, there is a clear tiered limit to the achievable market cap; when one limit is broken, it is easy to rise to the next limit, and users can summarize and conclude on their own.
Game Theory
Website and Community
Generally speaking, having a well-made website can greatly promote the early rise of Pump tokens, and at this time, whether there is a community is not critical. However, community and cultural consensus are key to breaking conventional limits. For example, recent tokens like DJCAT and NAMI, the former rose due to a Community Take Over, while the latter built consensus through continuous thematic image creation by the project team.
However, it should be noted that some DEV promote by buying high-follower X accounts or using assembly line methods to create websites, then dumping at the internal market peak. As a reference, you can use the " Meme Coin Website Duplicate Check" TG tool to check websites; this tool can query how many websites are deployed on the same IP. However, if the website developers used some third-party services (like CDN), it may show that the same IP created hundreds of websites, requiring users to discern on their own.
GMGN Indicator
Currently, many tools aimed at Pump have emerged, and GMGN is one of the more comprehensive data websites, providing multi-dimensional data such as progress, genesis time, capital inflow speed, trading volume, and comment count, allowing for a comprehensive investment evaluation.
However, DEV is also evolving; there are now many DEV developing bots to brush trading volume indicators, and some DEV purchase with multiple wallets to inflate comment counts on the Pump interface, creating a false sense of prosperity, and then similarly selling off at the internal market peak.
Cautious Copy Trading
Copy trading smart wallets is a common operation to discover early projects, but it is not suitable in the current popularity of Pump, as almost all token LP pools are extremely small. Buying after a smart wallet purchase can even raise the price several times. Both domestic and foreign big V have been exposed for using copy trading mechanisms to harvest followers; regarding this issue, choosing addresses with low win rates and high profit-loss ratios for copy trading is far more appropriate than high win rates with low profit-loss ratios.
(Odaily Planet Daily Note: Because the latter may use copy traders to inflate prices and then exit quickly, creating high win rate address data.)
Conclusion
The methods of malicious harvesters are constantly innovating. This article can serve as a reference for countering them, but when everyone uses the same or similar strategies, the strategy will fail. Only by continuously evolving can one survive in the market.
