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MetaMask co-founders went to pump and issue tokens, is Ethereum just here to visit next door?

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Odaily星球日报
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1 year ago
AI summarizes in 5 seconds.

Original | Odaily Planet Daily (@OdailyChina)

Author | Nan Zhi (@Assassin_Malvo)

Did MetaMask co-founder go to pump to issue tokens, is Ethereum just here to visit next door?

At 11:08 AM today, MetaMask co-founder Dan Finlay deployed the Meme token CONSENT on the Base network through the AI agent clanker. The token surged to a market value of $4.5 million within 5 minutes, then fluctuated between $2 million and $3 million.

Did MetaMask co-founder go to pump to issue tokens, is Ethereum just here to visit next door?

Clanker is an AI + social platform-based Meme issuance tool, with an interactive experience similar to the previous makenow.meme. Users only need to @clanker, describe the token's Ticker, content, and image, and clanker will automatically deploy the token. The core difference is that the deployment process is completed by AI.

Dan: Oh no, I don't have any chips

However, 13 minutes after the token was deployed, Dan retweeted clanker's deployment response and stated, "Honestly, this is a terrible experience: having my token snatched by 200 bots, it's obvious this is a scam. Maybe the issuer should deposit initial funds first? The Uniswap widget doesn't even provide MM as a mobile login option." (Odaily Planet Daily Note: MM = MetaMask.)

Did MetaMask co-founder go to pump to issue tokens, is Ethereum just here to visit next door?

A similar situation also occurred on makenow.meme, if the token deployer chooses to release the token through social media platforms, the deployer does not have the right to purchase first, and no one knows which token is real before the official Bot responds.

This seemingly "fair" launch method has actually become a feast for "scientists." Looking back to the earlier friend.tech, various influencers were monitored by bots, and once launched, the early chips were snatched away by bots, leaving no space for ordinary users to participate.

"Pump.fun save me"

Dan further stated that he actually lost money by deploying the token through clanker because many people bought in before the founder and then sold after the founder, and now he can only make up for the loss by "shilling."

Four minutes later, Dan thought of a brilliant idea—issuing tokens on pump.fun. However, on the surface, Dan stated that this was a test to compare the experiences of the two token issuance platforms.

Did MetaMask co-founder go to pump to issue tokens, is Ethereum just here to visit next door?

After Dan posted the pump link to confirm the token's legitimacy, CONSENT on Solana began to soar, reaching a market value of $11 million just 11 minutes after the external launch, at which point Dan's account had an unrealized gain of about $200,000.

Dan gave a positive evaluation of pump:

I am comparing the Meme coin experiences of WC (Warpcast) and SOL. There are two tokens named CONSENT, but only one will ultimately prevail.

So far, the result is: on Clanker, you get snatched and rug pulled by a lot of people; while on pump.fun, at least the developers are the actual founding members. For example, it would be impossible to crowdfund an organization using Clanker's model.

Even though the amount I invested on pump.fun was only a small part of what I put into Clanker, the returns have already far exceeded the losses I incurred on Clanker. I'm not sure how much of this is 'normal site noise' and how much is due to the boost from this activity, but for me, that's the reality.

Did MetaMask co-founder go to pump to issue tokens, is Ethereum just here to visit next door?

Clanker responds a bit

In response to Dan's claim of losing money on clanker, clanker posted on X platform: “@danfinlay tried clanker and pump.fun. He gave us some great suggestions, and we will use them to improve our product. Dan's experience wasn't good, but he made over $26,000 just on ETH.”

However, Dan seems to have missed this post on X platform, but he received tips from other Warpcast users—“Where can I see these clanker rewards (funds).”

Did MetaMask co-founder go to pump to issue tokens, is Ethereum just here to visit next door?

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