6.0K @crypticwombat86 On the left is pigeon and on the right is some random coin I found. Pay attention to the liquidity. Almost the same marketcap but pigeon has 2x the liquidity. When Solana meme season returns whales will look for coins like Pigeon to bid. Pigeon ain't stopping. Coo coo https://t.co/k6ikyrZlfE
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41.0K @badattrading_ $Pigeon (CA 3AmTiVi5L4rDuf1CCQLkx8kBEZ52N6Mr7DrZwfDYjizz) doesn't have snipers, insiders have 1.7%, team holds 8.1% per devsnightmare. Cooker, guidustyy, Sue, aiwass.sol, maxxbiid are top holders.
Bubblemap shows a big cluster with 60% of the supply. CEX map cluster has 47.8%. Binance funded wallets have 14.1%, Coinbase 18.5%, Mexc 3.7%, Change Now 1.7%.
Top 70 holders have 68.3%, top 10 have 14.4%, 1.46k holders with an average bag at $90. Nfa
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51.9K @StalkHQ You don't get rich by in-house fighting (Part 2)
Case study ( $Pigeon)
Today's Developments
@level941 took full control after he stopped sending tokens to Trojen.
He also announced he has rebranded the dex, secured the vault and is shifting to pure meme energy
He burned 10m tokens to reduce supply and signal commitment.
The dev (Trojen) is reportedly shutting down PigeonHouse (the utility) in 48 hours.
Supporters of Pigeon are rallying behind level941, calling it a stand against extraction culture in Solana memes.
A few holders are worried that the drama and sudden changes have damaged the project more than the dev’s slow selling did.
The result of all these drama between level941 and Trojen has resulted in the chart tanking by almost 90%
Maybe a redemption is near.
51.9K @StalkHQ You don't get rich by in-house fighting (Part 1)
(case study: $pigeon)
There is too many drama between $pigeon founder @level941 and the dev (Trojen)
Drama unfolded:
A random Pumpfun dev called Trojen launched Pigeon and used @level941 name and handle to hype it.
Trojen held a chunk of supply and allegedly tried to pressure level941 into dumping it into a one-sided liquidity pool he controlled for a quick hero pump narrative
Instead, @level941 added proper liquidity himself and started earning creator fees.
Trojen then allegedly sold over 10% of the supply at the bottom, tanked momentum, and pivoted to sabotaging the project once he was out
@level941 refused to just take the easy 80k profit from creator fees and rug and exit instead he kept buying with the fees and focused on building (principles over profit)
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