Wickbane

Don't get fooled by this, i analysed many such devs.

I was interested in their behaviour, and who else is buying with them on most of their launches.(been looking for cabals)

I downloaded a lot of data of txs and wallets that play together.

And for most devs, they buy with side wallets aswell( up to 5 wallets) then they dump into their own side wallets and others snipers or early buyers together.

There are 2 reasons why they're doing that.

1. They know how the algorithm of the trading platforma works, more volume, more wallets=more watchers.( it works the same accros pumpfun, gmgn or axiom.

2. They rank up in the leadeboard and they have an insane win rate and profit, people see their profile and think( hmmmm this guy is good, let me copy him and make money aswell).

So yeah, a big chunk of that profit is actually his own money which they keep rotating to inflate the dev wallet's profit and win rate to attract more copytraders to dump on.

Many traders assume they owe no tax simply because they never withdrew to a bank account, or because they only moved between SOL and stablecoins. That is often wrong.

Tax rules differ by country, so check the rules where you live and get local advice. In places such as the US, UK, Canada, Australia, and much of the EU, crypto is generally treated as property (or an asset), not currency. Disposing of it is usually a taxable event, even if the proceeds never leave the chain or hit a centralized exchange.

Common examples:

Swapping USDC for SOL, then later swapping that SOL back to USDC after it has risen, realizes a gain (or loss) on the SOL. The fact that both sides are “just crypto” does not erase the disposal.

Swapping SOL for a memecoin, then swapping that memecoin back into more SOL, is two disposals. Each swap can trigger capital gains or losses based on the cost basis and fair-market value at the time of the trade.

In short, profit can be taxable when you trade one asset for another, even if the funds never return to a CEX or a bank. Holding without disposing is different; trading is not.

Because no one is more motivated to push a project more than a dev/team who own 50% of the supply.

A dev with 5% will give up pretty fast, why should he put his money into marketing/dex while others do nothing but hold and make the same or even more.

I'm not saying it's right either way but this is human psychology.

Me yeeting my full paycheck into a coin my friend said is the next thing. We’re millionaires the second people get the narrative...

I was looking at coin the other day, it was at 10k, low volume mostly abandoned.

Then i saw a kol making a $133 buy.

Guess what? It moved in the same block/buy to 20k mcap, it was instant and it takes atleast 1 second for the copytraders to follow.

So yeah, that $133 was prob $1.5k or more combining his side wallets.

And you barely see them aping together, they crime mostly their own launches from anon dev wallet or abandone charts.

When you see their main buying more, they already clipped and are trying to clip even more.

Their main wallet is just a bait and you will never make money following them.😉