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A former Pumpfun employee revealed their manipulation with bots live on air
According to him, the team was coding bots to sell coins immediately before the bonding curve ended.
On Pump.fun, coins automatically migrate to the decentralized exchange Raydium once the market capitalization reaches $69,000, which is called the "completion of the bonding curve."
The profits obtained were reinvested due to a lack of funds in the early stages of the project's operation.
Some participants confirmed the former employee's statements as true live on air, while others added that the bots are still active to this day.