Skip to content

The Madcap Rise of Memecoin Factory Pump.Fun

It’s been amazing to see the meteoric rise of memecoins again. The latest has to be the pair of Trump and Melania coins that, over the weekend, reached billions in market capitalization.

I, for one, will not be participating but I will be watching as human greed is laid bare for all to see.

If you had any thoughts that the Dutch Tulip bulb mania of of the 17th century could never happen again… well, at least you could plant the bulbs and enjoy the flower. 😂

The Madcap Rise of Memecoin Factory Pump.Fun [Wired] – “Pump.Fun is the creation of three entrepreneurs in their early twenties: Noah Tweedale, Alon Cohen, and Dylan Kerler. The trio began as memecoin traders themselves, but grew tired of repeatedly falling victim to rug pulls—a type of scam whereby a coin issuer steals away with funds, leaving investors sitting on worthless tokens.

“Buying into memecoins was a very unsafe thing to do … Everything was designed to suck money out of people,” Tweedale told WIRED in an interview late last year. “The idea with Pump was to build something where everyone was on the same playing field.””