Yes 90% rugs. My idea is that rugging cost money. Swaps cost 1% each way. You cannot rug for $2 profit, after fees its unprofitable. I was trying to exploit these inefficiencies.
I spent 3 months every day building a program in rust that monitors swaps on raydium and pump.fun.
My first strategy was buy whatever launches on raydium. Many times as soon as it launches it dumps.
Next strategy was buy coins almost graduating on pump.fun. Many times, rugger take it close to...
Do not want to make money from swaps. Make it free, add paid stuff on top.
I think its fine but to go even bigger they need to let builders build on top
It has 1% fees for buying and 1% fee for selling. Code is not open source so slows down innovation. And a lot of people use Bullx or Photon because pump.fun UI is terrible.
If I had to recreate it - no fees for swaps like jupiter. Open source so people can build cool stuff on top. Make a better UI.
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