I too have seen a PDF floating around, so I’m pretty sure it’s the same one Nick is alluding to. If so, it really is a nothing burger and not sure why it’s being hyped up as “devastating news.” The PDF is just about how a large portion of bonding curve volume on launchpads is driven by bots/wash trading. Any successful launchpad with retail flow will exhibit this behavior as, unfortunately: More retail flow = greater opportunity to extract. Importantly, the PDF shows NO link that the actual launchpads themselves are doing the wash/bot trading themselves. If this is somehow news to you and you were unaware that permissionless launchpads are the perfect environment for scams, bots, and wash trading, then idk what to tell you.