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Pump.fun to raise $1B token sale, traders speculating on airdrop
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Boop.Fun leading the way with a new launchpad on Solana.
> be crypto fund manager
> portfolio up substantially on trump pump
> take substantial carry on "performance"
> issue K1 to your investors on substantial gains, liable to huge tax as a result
> forget to distribute tax liability to investors
TLDR: walk away with millions, investor lose >100% of principle investment. ez.
24.7. klo 23.02
Honestly, I'm not that upset about being down $10M on paper from this fund. Money isn't real, till it's in my account.
What upsets me greatly is I have a K1 from them in 2024 showing $8M in gains, I owe $3M in tax on.
Leaving LPs with huge tax burdens while taking huge carry..
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