What is Pump.fun and how do you create your own memecoin? | Headlines | News | CoinMarketCap

06/17/2024 17:17
What is Pump.fun and how do you create your own memecoin? | Headlines | News | CoinMarketCap

Pump.fun is a Solana-based marketplace that allows users to easily create and distribute their own tokens, most commonly "memecoins," or tokens …

Pump.fun is a Solana-based marketplace that allows users to easily create and distribute their own tokens, most commonly "memecoins," or tokens without an intrinsic value proposition beyond their novelty and community value.

Multiple celebrities have used Pump.fun to launch their own memecoins, although most of them have struggled to find sustainable price action.

Furthermore, Pump.fun has some built-in safeguards to dissuade dishonest behavior, like secretly reserving tokens for early adopters or selling tokens early at a discount. 

How can I trade memecoins on Pump.fun?

Pump.fun's homepage provides a grid of recently-created memecoins launched by other Pump.fun users. If you spot a token that you're interested in buying, you can connect a Solana-capable crypto wallet to the …

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