🤔 Launchpad Buybacks: Support or Speculation?
Lately, we’ve seen a new wave of buybacks — not just from foundations or stablecoin ecosystems, but now from launchpads too. But what’s really going on?
🔹 Ethereum Foundation buying tokens? Makes sense — they're supporting solid DeFi protocols with real value.
🔹 WLFI buying? Also fair — backing its USD1 ecosystem and strategic partnerships.
🔹 But launchpads? They're buying… meme coins. Now that’s a twist.
In July, LetsBONK announced it would allocate 1% of protocol revenue for ecosystem token buybacks. Founder Tom even backed that up with buys from his personal wallet.
Meanwhile, four.meme is taking a quirky approach — with an “intern account leads, main account follows” strategy. Both BSC and Solana-based platforms seem serious about building token economies, but results vary.
👀 So, who's doing it better?
From recent on-chain performance:
four.meme's intern account has a 75% win rate, showing solid short-term plays.
LetsBONK? A rough start — sitting at 0% win rate so far.
Note: These are based on unrealized PnL. None of the wallets have sold yet.
💡 So, what’s the takeaway?
Buybacks are a familiar play in crypto — they boost confidence and can support price. But when launchpads are buying low-liquidity or short-lifecycle tokens (like meme coins), the impact is more immediate and speculative. It’s less about long-term fundamentals and more about market reaction.
Buybacks from launchpads feel more like endorsements, and less like pure ecosystem support. That’s fine — just remember:
Endorsement ≠ Guaranteed Moon.
So before “following the trade,” zoom out. These buys are strategic, but they’re also PR. Make your move — but make it rational. 🧠