memecoins

What is pump.fun?
This is a memecoin token launchpad on Solana with a UI based on 4Chan, allowing users to launch tokens for ~0.2 $SOL (~$4). It offers advantages such as preventing token sniping and mitigating risks associated with rug pulls. 🧵👇

Key Metrics
• Revenue: Ranked in top 10 in global revenue generation with $25 million in the last 30 days and over $75 million since inception (DefiLlama).
• Tokens Deployed: Over ~10k tokens per day, and over 1.5 million tokens since inception (Dune: hashed_official).
• Transactions: Currently constitutes 35% of all Solana DEX transactions (Dune: hashed_official).

Sharing thoughts on markets, memes, AI, and the occasional random topic.

Future Challenges
• Scammers: Rugs are still possible through obfuscation, such as buying a large supply in the bonding curve using different wallet addresses.
• Competitors: New entrants including Dexscreener's Moonshot, Degen Fund, and Jupiter's CAT Project.