2026-01-14 17:23:57

The truth is often more heartbreaking than the story itself. The Solana-based Meme coin launch platform that once earned 7 million yuan in a single day is now entangled in exorbitant lawsuits. A key turning point occurred—the private messages of co-founder Alon Cohen were disclosed, revealing bluntly in internal chats: "Most users are losing money," and even directly comparing their platform to a casino.

This is not just a metaphor. The data is in front of us: over 60% of users are losing money in transactions, while the platform itself is raking in profits exceeding $750 million through various manipulations. Those 5,000 internal messages now serve as solid evidence in the lawsuit, pointing to a deeper issue—the collusion between the platform and KOLs to "pump and dump."

Such phenomena are far from isolated cases. Behind many so-called "innovative protocols," the same logic is hidden: attract retail investors with promises of high returns, then quietly divert ordinary users' assets to a few insiders. Information asymmetry and unbalanced incentives ultimately turn you into a pawn in someone else's game.

The question is: in a market filled with asymmetric information and manipulation risks, how can you truly protect your assets? It’s not about gambling on luck, but about learning to distinguish— which protocols are genuinely backed by real value, and which are just castles in the air.

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AirdropGrandpa

· 01-17 12:23

Haha, Alon Cohen really went full social death this time... 5000 private messages directly nailed down, is cooperation just a casino? Can't laugh about it. Wait, 750 million in profit? How many people's life savings does that represent... I just want to ask, how many KOLs are still pretending now? Solana, this this this... how can anything happen Another project "we are different" falls apart, fine. The ironclad evidence is all here in the lawsuit, will anyone still rush in... Yes, definitely. Just by looking at this routine, you know the next one is on the way. Honestly saying "most are losing money," how little do they think of retail investors. Information asymmetry + KOL hype? This must be the common script in web3. Sixty percent loss, platform earning 750 million... this ledger is really clear.

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FantasyGuardian

· 01-16 17:51

Damn, another one stepping up to take the blame? These platform owners are making a fortune and still claiming users are losing money—truly incredible. Wait, Alon himself admitted it’s a casino, so why not just run away? Why hasn't the law already made a ruling? 7.5 billion in profit vs. 60% of users losing money—this calculation is crystal clear, and anyone would find it disgusting. That group of KOLs should just stop pretending; they’re all accomplices. The problem now is, who dares to touch meme coins? It feels like the entire sector has become toxic. With solid evidence in the lawsuit, why hasn't it exploded yet? Why are we only hearing about this news now? Honestly, the hardest part about seeing through these things isn’t recognizing people, but holding onto the coins in your hands—always wanting to follow the trend and chase the highs.

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GasFeeVictim

· 01-15 17:01

Damn, 5000 private messages directly become evidence in court, this move is absolutely brilliant Alon honestly admits, even after acknowledging the casino, people still rush in Another "innovative" project collapses, listen to how many are following this same routine Oh my god, a 60% loss rate, why do I feel like I'm right there in that 60% Insiders siphoning off funds, retail investors getting the worst, a timeless classic script 750 million in profit, just like that, taken right out of our pockets Really should show all KOLs this case and see the cost of collusion Information asymmetry is always the cruelest knife, should have realized it long ago

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Fren_Not_Food

· 01-14 17:47

It's the same old trick, the whales make 750 million while retail investors lose money. This is the truth of Web3. The platform founder even admits it's a casino, and some still dare to go all in? Exposing 5000 private messages is truly incredible. Now we can finally see how these so-called innovative protocols are harvesting retail investors. Information asymmetry is always the biggest killer. Unfortunately, most people can't see it when they enter the market. Wait a minute... KOLs colluding to pump the price, how is this different from traditional financial market manipulators? Case closed, we are all working for the platform.

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AirdropHunter9000

· 01-14 17:45

That's why I gave up on Solana and these messy meme platforms a long time ago. Each one is just a liquidity drain for the whales. The co-founders dare to say it's a casino internally, so what are they saying outside... definitely a harvesting machine. 60% of the platforms lose money, yet they make 750 million. This calculation is really slick. I just want to ask, who is the sucker? Don't tell me about innovative protocols. Basically, it's just those who play with information asymmetry to harvest retail investors. If you're still shouting about apeing, you really should look at this case. The bloody lesson is a solid proof. Seeing these 5000 private messages exposed makes me happy. Are they all so honest internally? It's basically a lawsuit gift pack. Some people still believe those KOLs' recommendations. Now the court is teaching you a lesson, the tuition has been paid.

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TopBuyerBottomSeller

· 01-14 17:42

Here comes another one. These days, who hasn't been "cut" once? The操盘手 himself said it's a casino, so why are people still rushing in? 7.5 billion in profit... turns out our losses all went into their pockets. People following KOLs should wake up, really. 5000 secret messages have come out, is there still anyone defending them? Oh my god, is this Web3? Feels nothing new. Most losses are probably the norm, didn't see any news about it. But on the other hand, who can really tell which one is a trap? Another insider trading case again, cycling through.

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FreeRider

· 01-14 17:27

Ha, once again an internal confidential leak, this routine is really played out. The casino boss admits the nature of the casino? Laughing to death, does anyone still not see it? 7.5 billion in profit, 60% of users losing. No need to do the math. KOLs leading trades is this vibe, switching air coins to different disguises again. Information asymmetry is always the most profitable. No wonder they are so happy. Wait, is someone about to lose everything again? I think, the essence of this industry is zero-sum; if someone wins, someone must lose. Talking about protecting assets, it's better to learn to recognize people first. If this case really gets nailed down, will there be a wave of cleanup afterward?

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