Think people should begin calling out the funds committing $100M and $50M to the private round who's strategy was to generate a quick 25% return using retail buyers as exit liquidity. I assumed people in this round were in for a swing not for arbitrage (my mistake). The 'Institutional round' sucked all demand out from secondary and just left the market with relentless supply to dump of which is being dumped on retail as we speak. Clearly this is just max extraction. Team allowed all of this w/ zero vesting. Didn't expect the above but leaves pump fun with awful optics going forward. Unsure how investors thought raising $720M from predatory liquid funds would be positive long-term for their bags.