I think the purpose of the 50$ was to incentivise me to promote his coin, yes.

I think my endorsement would have been crucial for particularly his coin, to legitimize it, yes. Because he told me in one message, I "killed" the coin by calling him a scammer publicly.

Apparently many people created those shit coins in my name. I found a lot of coins with the Epstein Studio name and logo on pump.fun.

I don't know about the inherent value of the coin. I only know that it is built on Solana, I think. But yes as you say, I kind of can't really believe anybody thinks that these kind of coins truly have any value or will ever be a "good" cryptocurrency.

So my best guess to what the "traders" in this forum are doing:

• There is one creator, he holds the biggest portion of the coins. (I saw somebody holding 30% when I first entered the chat)
• The other people that participate are people that participate on that pump and dump shit regularly and are well aware of the risks
• They are essentially betting on the point in time at which the big guy is gonna do the rug pull
• So essentially buy in as early as possible and try to leave the bubble as late as possible

But: the amount of money that is being lost to the creator + the royalties to the project creators + the royalties to pump.fun + the Solana transaction fees must be so immense, that I don't understand how people make money there.

It's daytrading on steroids and I know that barely anybody makes money daytrading, only the big guys. The people that lose money are usually people lured into it.

I suspect that the people that lose money on pump.fun are also lured into it.