Part 4/7:
Diving deeper into the murky waters of Solana’s ecosystem, the stream revealed serious allegations involving a company called Meteora, directly associated with the launch of tokens like Libra and Milani. Meteora has been accused of orchestrating a pump-and-dump scheme whereby they buy their own tokens at launch time, inflating the market value, and subsequently dumping them on unsuspecting investors—an operation that appears as brazen as it is unethical.
The speaker also raised concerns about the broader landscape, stating that many venture capitalists may altogether disregard projects unless they pertain to AI or meme coins. This indicates a troubling trend where emerging projects struggle to gain funding unless they fit specific, often lucrative, molds.