Should we make a meme coin?

So apparently, it's pretty easy to create a meme coin on the Solana network using pump.fun and it doesn't cost anything to do so. Coins created on pump.fun don't go live and trade (on DEXs or CEXs) as real coins until they reach a certain threshold of investment (the bonding curve) is reached:

pump.fun said:

pump ensures that all created tokens are safe to trade through a secure and battle-tested token launching system. each coin on pump is a fair-launch with no presale and no team allocation.
step 1: pick a coin that you like
step 2: buy the coin on the bonding curve
step 3: sell at any time to lock in your profits or losses
step 4: when enough people buy on the bonding curve it reaches a market cap of $100k
step 5: $17k of liquidity is then deposited in raydium and burned

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Any suggestions for naming a new meme coin?

Bugcoin

Interesting...

lol...

WTF!

When I created the coin, I spend about $3 worth of Solana to acquire the new $GIM coin. The bonding and market cap are bouncing around like crazy, but I saw the MC at over $21k just a moment ago. This is totally nuts!

lulz (see replies):

people will buy when they find this, meme coin is just a funny project, but dev needs to do more things to make sure people can trust this and buy more, that will be a challenge

The pump.fun platform ensures a fair launch. I acquired ~$4 worth of $GIM when I created it. If there are any whales rug pulling people, it won't be me. I was astounded to see the market cap go from whatever my initial ~$4 seed represented to ~$21,000 within minutes. There seems to be a lot of activity right now with the price (and market cap) bouncing around all over the place.

Oh my... My X post is now attracting tons of replies from crypto influencers wanting me to PM them to discuss having them promote the $GIM coin. I answered the first few with a polite no thank you, but it's getting to be a bit much now and I'm ignoring them.

Love the name. Same for the replies (even the foreign ones) lol

The two "tickers" at the top of the page are interesting. Lots of coins made and sold.

Yeah, given the trading action within the first few minutes on the $GIM coin that I made, it looks to me like there is a lot of automated trading (possibly AI agents?) sloshing money around in these meme coins.

PM Bug should make a silver round, but not ready for crypto yet. Too problematic for litigation.

nickndfl said:

... not ready for crypto yet. Too problematic for litigation.

Click to expand...

The liability is incurred if the development team keeps a reserve of the newly minted coins and sells them after the initial inflow of buys, crashing the price and liquidity of the coin. I didn't do that with the coin I created.

The $GIM coin was an educational experience. The pump.fun platform makes it easy to create a coin, but it traps the creator by locking whatever initial investment is tendered at coin creation (~$4 in my case) until the coin's bonding curve reaches 100%. Immediately upon coin creation, a coin is bought by snipers (bots) buying at the lowest possible price. The sniper bots then sell when the price has run up sufficiently. It seems like the bots were careful not to fully bond the new coin (I assume to prevent sell side competition from the coin creator). They really want the coin creator to market the coin and draw in liquidity from human traders.

Separately, I created a post on X mentioning the $GIM coin and that post was flooded with replies from supposed KOLs (key opinion leaders) and influencers offering to help me market the coin. I guess they are constantly searching the X platform for posts like mine to prey upon (err - offer their services). These peeps could be legit, but more likely are scammers like the one that scammed the Ron's Basement dude with his Unicorn Fart Dust coin.

Now that sounds like the old days of the Wild Wild West.

Bugcoin.

But call the individual units, "gims." Honor our past, some of us.


EDIT: I see you beat me to it.

You lost me at "real coins"

Probably not the most precise language, but I hope the intended meaning got across.

Should make a Viking coin. That would do well.