Read this first
Every link on the chain is priced in the link before it, down to Link 1, which is priced in $CHAINED. That is the whole product, and it is also the whole risk: a link's SOL value depends on every link between it and $CHAINED, and on $CHAINED itself.
If you do not want exposure to earlier links, do not buy a later one.
Later links depend on every earlier link
Link 47 is priced in Link 46, which is priced in Link 45, and so on down to Link 1, which is priced in $CHAINED. If any link in that path loses value, every link after it loses SOL value too — even if nothing changed about the link you hold.
Price impact compounds down the chain
Each link trades only against the coin before it. Buying a deep link with SOL on Jupiter passes through the pools behind it, and each pool adds its own price impact. Deep links are more expensive to enter and to exit than shallow ones. Read the route and impact Jupiter shows before you sign.
Fees burn the link behind, not yours
Your link's trading fee is paid in the coin before it and burned. Your link's own supply only shrinks if a link after yours is forged and traded. There is no guarantee one will be.
Creators earn nothing from fees
If you forge a link you receive no fee share. You profit only if later links pull yours up and you sell into that. You can also lose your initial buy in full.
- You pay the network fee, the priority fee and any launch fee.
- Your slot is public and permanent.
- You cannot un-forge a link.
Thin liquidity and bonding curves
New links launch on bonding curves at a 30 SOL market cap, with very little liquidity. Prices can move tens of percent on a single trade. Graduating to a DAMM v2 pool at 85 SOL does not remove this risk; it changes its shape.
Smart-contract and operational risk
Meteora's programs, and our own launch and burn software, may contain bugs. Audits reduce risk but do not remove it. The burn keeper is an off-chain process and can be delayed: fees wait in the pools until the platform wallet claims and burns them, so a delay changes when supply shrinks.
- Transactions can fail and still cost a network fee.
- Wallets, RPC providers and indexers can go down.
- Front-running and sandwich attacks exist on Solana.
Nothing here is advice
This site shows numbers and burns. It does not tell you what to buy. Only risk what you can afford to lose entirely.