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For 99.9% of you the answer is NO!
What the general public does not realize is how heavily manipulated the meme coin launch market and pump.fun is in particular.
Of those small percent that make it and have success, there are basically 2 categories:
1: You are a legit project that can attract and generate hype like Vine Coin; The meme coin created by Rus Yusupo, co-founder of the defunct Vine video platform.
2: You are part of the meme coin cartel.
So what is the meme coin cartel?
Here is a recent post on Twitter:
Recent allegations have emerged within the Solana ecosystem, suggesting a coordinated effort by some developers and entities to manipulate memecoin launches for profit. These claims involve figures from notable projects like Kelsier Ventures, Meteora AG, and WEAREM3M3, where insiders allegedly extracted significant funds during the launch phase of meme cryptocurrencies.
So what is happening?
1. They launch a new meme coin with the narrative that it is a fair launch.
2. The insiders immediately start sniping the launch the second the token goes live and buy bags on dozens of insider wallets.
3. They activate their insider KOL network who they work with over and over and start promoting the coin to retail investors.
4. As retail investors come in they dump the coins and profit for millions.
5. Abandon the project and launch a new one.
And how much money are they making?
We are talking about extracting hundreds of millions of dollars from naive retail investors and even experienced meme coin degen traders.
This same network and strategy is exactly what was used for even larger coin launches like Melania token and Libra in Venzuela which rinsed retail investors of well over $100 million USD.
Keep those statistics in mind when you have the bright idea to launch a million dollar meme coin on pump.fun, you might save yourself a ton of time, money, and frustration.
Why doesn't Pump.fun care?
Because they are making hand over fist and profit the same amount from fees whether you win or lose.
They recently set a new record of 15.8 million in revenue in a single day.
These organized groups work in various circles and heavily rely on anon Twitter influencer partners to run their operation.
What the general public does not realize is how heavily manipulated the meme coin launch market and pump.fun is in particular.
- Every 24 hours, 10,417 tokens are launched and 9,912 become defunct on Pump. fun.
- Average lifespan of memecoins on pump. fun is 12 days.
- At it's peak in popularity 36,399 were created in a single day in Oct, 2024.
- Less than 1% "graduate" to Raydium
Of those small percent that make it and have success, there are basically 2 categories:
1: You are a legit project that can attract and generate hype like Vine Coin; The meme coin created by Rus Yusupo, co-founder of the defunct Vine video platform.
2: You are part of the meme coin cartel.
So what is the meme coin cartel?
Here is a recent post on Twitter:
Recent allegations have emerged within the Solana ecosystem, suggesting a coordinated effort by some developers and entities to manipulate memecoin launches for profit. These claims involve figures from notable projects like Kelsier Ventures, Meteora AG, and WEAREM3M3, where insiders allegedly extracted significant funds during the launch phase of meme cryptocurrencies.
So what is happening?
1. They launch a new meme coin with the narrative that it is a fair launch.
2. The insiders immediately start sniping the launch the second the token goes live and buy bags on dozens of insider wallets.
3. They activate their insider KOL network who they work with over and over and start promoting the coin to retail investors.
4. As retail investors come in they dump the coins and profit for millions.
5. Abandon the project and launch a new one.
And how much money are they making?
We are talking about extracting hundreds of millions of dollars from naive retail investors and even experienced meme coin degen traders.
This same network and strategy is exactly what was used for even larger coin launches like Melania token and Libra in Venzuela which rinsed retail investors of well over $100 million USD.
Keep those statistics in mind when you have the bright idea to launch a million dollar meme coin on pump.fun, you might save yourself a ton of time, money, and frustration.
Why doesn't Pump.fun care?
Because they are making hand over fist and profit the same amount from fees whether you win or lose.
They recently set a new record of 15.8 million in revenue in a single day.
These organized groups work in various circles and heavily rely on anon Twitter influencer partners to run their operation.
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