Mitch says Toly and Pumpfun can’t fix the trenches even if they inject money. The problem is not with the protocol.
“No, no, no. I genuinely don’t think there’s anything they can do.”
“Look, they can inject money, right? That’s fine. But where’s that money going to go, really? Think about it most people are going to gamble on new pairs and just give it back to the same people.”
“And those guys are never going to reinvest. Let’s say you’re a bundler and you just made $100K on a $200K top somehow. Are you going to put a single dollar back in? No, man. You’re taking that money and buying an AP or something.”
“They never size back into coins like that. That’s the problem.”