playing the long game @launchonmemefun
Over the past few days, Pump.fun has been pushing a new narrative.
For most of the time I have spent here in crypto, a memecoin was priced in one of two things: the chain's own asset, SOL or ETH or BNB, or a stablecoin like USDC. You bought with SOL, sold for SOL, an…
A memecoin has no cash flow, no product, no intrinsic value. What it has is people. Its entire worth is how many of them are paying attention and how much they believe, at the same moment. A meme is n…
For almost two years, Pump had no competition.
Part one was about the number you see. This one is about the number that leaves.
There's a number at the top of every coin's page, and we've all agreed to pretend it means something.
Here's the part most people miss.
It's become a machine for gamification and extraction.
The #1 launchpad on Robinhood printed $11m in fees in 7 days, then rugged and took their website down.
