The Meme Token craze sweeps the Solana ecosystem, Pump.fun leads the new era of coin issuance for all.

Internet culture and Memes have always played an important role in the crypto market. However, due to the high-risk nature of Meme coins, most investors find it difficult to profit from them and are instead prone to significant losses. This situation has made value investing in the Meme market unreliable, with excessive speculative hype.

Nevertheless, the traffic attribute that comes with Meme has become an indispensable part of public chain development. Therefore, how to maintain the fairness of the Meme market has become an important issue in this round of bull market. As the largest Meme launching platform in the Solana ecosystem, Pump.fun has recently attracted widespread attention in the market. Pump.fun continues the fair narrative, supporting users to deploy and issue Tokens at a very low cost (0.02 SOL) without any development experience. Since its launch in January this year, Pump.fun has issued over 460,000 Tokens, leading the Meme coin track into a new phase of "mass issuance of coins."

Pump.fun: Simplifying the Meme Coin Issuance Process

Pump.fun is a tool and community platform focused on issuing Meme coins. It launched on Solana in January 2024, and later added support for Ethereum L2 Blast. Pump.fun provides users with a simple and low-cost way to deploy and issue tokens by simplifying the coin issuing process and lowering technical barriers. Users only need to pay a fee of 0.02 SOL and can easily use the platform without any development experience.

This characteristic of simplification and low cost has allowed Pump.fun to quickly gain popularity and achieve significant success in a short period of time. Recently, the trading volume of Pump.fun has shown a parabolic growth trend, creating an increase of nearly 50% in total revenue. Currently, the platform's daily earnings remain above $450,000, with no signs of decline.

Pump.fun issue coin process

Users can choose to issue coins using Blast or Solana. The coin issuance process is very simple; just click "Start a New Coin," enter the name, code, description, and brand image, and pay 0.02 SOL to initiate the "fundraising" issuance process for the token. The entire process requires very little expertise, making it easy for ordinary people to operate.

After creating a new coin, the token will launch along the joint curve on the Pump.fun platform. The joint curve is a mathematical curve that determines the token price based on supply. As more tokens are purchased, the price usually increases. Anyone can buy and sell on the platform, and when the total market cap of the token reaches $69,000, the liquidity of the joint curve will be deposited into Raydium and burned.

Once the liquidity of the Token is deposited and burned, users can purchase it through the Solana decentralized exchange Raydium or their preferred Telegram bot and web application terminal to obtain more liquidity. At this point, the new coin issued by Pump.fun looks like any other Token, and the issuance process is declared successful.

Pump.fun issue coin特点

1. Extremely low issuing cost: Anyone can deploy their own Meme Token on Pump.fun for less than $2.

2. No need to seed liquidity: Pump.fun does not require a large amount of liquidity to be seeded for newly issued tokens; the system will automatically establish an initial liquidity pool (approximately $60,000) on the DEX.

3. Automated Process: Once the market value of the new Token reaches $60,000, the system will automatically inject all the buying funds into the liquidity pool and launch trading on Rayium Swap.

4. Waiver of minting rights: The creator waives the minting rights when deploying the Token, and all Tokens are fully issued at the time of creation.

5. Fair Distribution: Since the creator cannot reserve tokens, all tokens enter the public market at the time of creation, with no hidden wallets.

6. High risk, high return: The price of Meme tokens on Pump.fun fluctuates wildly, with serious PUMP & DUMP phenomena, posing high risks but also the potential for high returns.

Success Factors of Pump.fun

As interest in internet culture and Meme coins has surged, many investors are eager to launch their own tokens, but often lack the technical knowledge required to create a good token. For a long time, the issuance of Meme tokens has been monopolized by institutions with specialized technical knowledge and strong capital, making it difficult for ordinary users to participate.

In addition, the frequent issues of insider trading, RUG pulls, and scientists front-running in the Meme market have made the entire market unfriendly to ordinary investors. The "Meme Presale Craze" model that was popularized by BOME a while ago became a new means to harvest retail investors just one week later. Now, most of the presale projects on the market have almost all experienced RUG phenomena.

The lack of transparency and fairness has filled the Meme market with various risks. However, the wealth code of a hundred times has kept investors and the community enthusiastic about Meme coins. To maintain the prosperous development of the market, there is an urgent need for a Meme issue coin platform similar to Birdeye, but with a greater emphasis on fairness. Pump.fun just meets the needs of Meme enthusiasts.

In terms of fairness, Pump.fun meets the needs of ordinary investors to enter the market with extremely low issuance costs, while simplifying the entire issuance process by productizing Meme, making the issuance process more open and transparent.

The creator automatically relinquished the minting rights when deploying the Token, which means that the Token of Pump.fun will have no nominal project parties or managers, thus eliminating the RUG issues that can arise from super permissions.

Secondly, Pump.fun enhances the fairness of the platform by eliminating creators' intervention in the issue coin process. The liquidity on the platform is artificially created and operates along the joint curve retained by the platform. Once the Pump.fun Token goes live on Raydium, the liquidity will automatically burn, thus locking the AMM liquidity. This means that even as a project creator, one cannot stop this process from occurring.

In addition, compared to traditional issue coin platforms, Pump.fun not only has a fairer issue coin model but also combines issue coin with social attributes, making it a significant innovation. When creating a Token on Pump.fun, users need to provide an image and a brief introduction in addition to the Token's name, along with a comment function. This gives it the ability to quickly and intuitively spread the story and style behind it. Furthermore, Pump.fun has a feature similar to a message board, where users can leave messages and communicate with each other.

Due to its combination of fairness, transparency, and social attributes, Pump.fun has become a sensation throughout the crypto industry. In less than three months since its launch, Pump.fun has become the most popular Memecoin platform in the Solana ecosystem. According to data from the data platform, the total transaction fees for Pump.fun have exceeded 3 million USD in the past seven days. Notably, Pump.fun set a historical record on May 7, with daily transaction fees exceeding 752,000 USD, making it the highest-earning application in the Solana ecosystem.

Pump.fun: Fairness and Risk Coexist

The original concept of Pump.fun was to maintain fairness in the Meme market. As a new project, Pump.fun has indeed achieved greater fairness and transparency than traditional platforms, but in the cryptocurrency industry, the higher the profit, the greater the risk. Some of Pump.fun's rules have also been exploited by unscrupulous individuals, becoming a tool to harvest others.

Pump.fun has lowered the threshold for issuing coins, allowing ordinary investors to participate in the coin issuance market. As a result, the daily issuance exceeds 10,000 coins, but the vast majority are junk coins. For investors, it is not easy to find promising value coins among numerous junk coins, as the available reference information is very limited, and they can only rely on social information of the projects, such as message boards or token information, to judge their quality.

Unfortunately, this social information can be easily forged. Ordinary investors are often more inclined to believe and purchase tokens when they see those created or followed by some well-known figures. However, they may not realize that these well-known figures could be impersonated by others using accounts with a high follower count, creating a false impression of high attention. These individuals buy a large amount of bottom chips in the early stages of the token, and then wait for users to be misled by the illusion of high attention before quickly selling off and exiting. Similarly, some well-known figures may also leverage their influence to create new tokens, and then rapidly monetize their influence through extreme price curves (harvesting).

For example: TEST is the first deployed Meme Token on Pump.fun, created by the development team. Early buyers used tools to purchase nearly 50% of the supply, causing the price to skyrocket. However, holders subsequently dumped their holdings, leading to a significant drop in TEST's price, which resulted in many latecomer retail investors getting wrecked. There is also BERT, which had already increased tenfold within 15 minutes of its launch, but then also experienced severe PUMP&DUMP phenomena, causing the price to plummet.

The fairness of Pump.fun allows every user to have the opportunity to place bets at the table, but the gambling aspect is too great. Users who place the right bets could see their returns increase by hundreds of times in less than a day, but those who bet incorrectly may become targets of being harvested. Compared to Meme issue coin platforms, Pump.fun feels more like a gambling platform, and even professional poker players in the United States have mentioned Pump.fun on social media, hinting at their interest in the gambling entertainment offered by Pump.fun.

Pump.fun triggers a nationwide coin issuance craze

The popularity of Pump.fun has also driven a nationwide craze for issuing coins. In the past two weeks, the Solana network has issued an average of 14,000 new tokens daily, most of which come from Pump.fun. Pump.fun has created 10,000 types of Meme coins daily for six consecutive days, demonstrating its enormous potential in the Meme market. Furthermore, the Base chain has also launched over 2,000 trading pairs for several consecutive days. The explosive popularity of one-click coin issuing tools represented by Pump.fun also indicates that the Meme coin sector is about to enter a new stage of "nationwide coin issuance." Currently, in addition to Pump.fun, there are several other popular Meme issuing platforms.

We.rich

We.rich is a UGA (User Generated Asset) platform that allows anyone to launch Meme Tokens with one click and without LP (liquidity pool). Based on Pump.fun, We.rich has added more features and optimized the user interface. For example, it keeps the token price extremely low during the initial fair issuance phase and has a limited Mint function. However, We.rich has shortcomings in asset information and lacks social attributes. Although its issuance quantity and active users still have a significant gap compared to Pump.fun, the emergence of this project adds a new competitor to Pump.fun in the Meme coin battlefield, especially for the Base chain which also has a large Meme market.

Rug.fun

Rug.fun is another Meme coin issuance platform on the Base chain, somewhat similar in model to Pump.fun, where anyone can issue coins on the platform. However, in terms of rules, Rug.fun is more aggressive and riskier compared to Pump.fun.

The coin issuance rules of Rug.fun are divided into two stages. The first stage is to create a Token, and anyone can create within a period lasting 12 hours.