Why Memecoins Are Failing: The Truth About Pump.fun and Solana
Published: 2025-01-03
Status:
Available
|
Analyzed
Published: 2025-01-03
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
XRP experienced a 5x increase in price within a few weeks.
"xrp ripped 5x in a matter of weeks"
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Meme coins were the best performing cryptocurrencies in 2024.
"memecoins are Far and Away the best performing cryptos of the year in 2024"
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Meme coins were the only sector of the crypto market to consistently show life for a seven-month period following Q1 2024.
"over the next 7even months memes were the only sector of the market that consistently showed any signs of Life"
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Pump.fun, a Solana-based app, enables quick and inexpensive token launches.
"Pump.fun is a Solana based web app that allows anyone to launch their own token for next to nothing in a matter of minutes"
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Pump.fun has facilitated over 4 million new token launches on Solana since its inception in January 2024.
"since then it has been responsible for more than 4 million new token Launches on Solana"
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More than two-thirds of daily token launches on Solana originate from Pump.fun.
"more than 2third of daily token Launches on Solana now come from Pump. Fun"
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Pump.fun is considered the fastest-growing crypto app in history, generating $100 million in revenue rapidly.
"by some metrics it's the fastest growing crypto app in history generating $100 million in Revenue in record time"
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Pump.fun is believed to have permanently altered the cryptocurrency landscape.
"pump. fun has changed crypto forever"
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Creating a cryptocurrency now only requires filling out a simple form on Pump.fun.
"anyone who wants to create their own own crypto now needs only to fill out a simple form on pump. fun"
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Pump.fun transitioned from charging 0.02 SOL per token launch to offering free launches since August.
"pump. fun used to charge 0.02 Soul a pop to launch tokens but since August it's been completely free"
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Users are rewarded with 0.5 SOL if their token, launched via Pump.fun, graduates to the Radium DEX.
"if your coin graduates from pump. fum purgatory and Launches on radium one of the leading dexs you're actually rewarded with 0.5 Soul"
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A token's bonding curve on Pump.fun is completed upon reaching a market cap of approximately $100,000.
"when a token reaches a predefined market cap currently around $100,000 its bonding curve is completed"
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Pump.fun claims to prevent rug pulls by ensuring all tokens have fair launches with no pre-sales or team allocations.
"pump prevents rugs by making sure that all created tokens are safe each coin on pump is a fair launch with no pre-sale and no team allocation"
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Pump.fun generated over $5.3 million in daily revenue at its peak, exceeding Ethereum's daily revenue on some days.
"more than 5.3 million dollar daily which is more than the daily revenue of the entire ethereum blockchain on a bad day"
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Pump.fun indefinitely disabled its live streaming feature due to the broadcast of disturbing content.
"pump. fun disabled its live streaming feature indefinitely after months of meme coin pedal broadcasting disturbing and outlandish acts"
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Meme coins are becoming 'weird', according to crypto elder statesman CZ.
"I'm not against memes but meme coins are getting a little weird now"
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There is a shift towards building real applications using blockchain technology, moving away from 'weird' meme coins.
"memecoins are getting a little weird now let's build real applications using blockchain"
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A rotation of capital into non-meme altcoins occurred around the end of November, following the Pump.fun controversy and CZ's comments.
"the pump. fund controversy and cz's pronouncement at the end of moon November coincided with a rotation of capital into altcoins that are not meme coins"
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DeFi cryptos began to gain traction, followed by the resurgence of older 'dino coins'.
"first defi cryptos started catching a bid and more recently prehistoric Dino coins have been resuscitated for what is perhaps one last Harrah"
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Altcoin season has officially begun.
"we are well and truly in the thick of alt season"
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A potential altcoin renaissance is approaching, characterized by strong technology and useful applications.
"if the answer is yes it may mean that we are on the cusp of an altcoin Renaissance, the kind where the tech is good, the utilities are useful"
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Meme coins are still expected to perform well.
"there's no reason to think though that memes won't continue to perform well"
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Bitcoin's market dominance is experiencing a significant decline.
"Bitcoin dominance is falling off a cliff"
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The long-anticipated altcoin season has arrived.
"the long- awaited alt season is finally upon us"
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Profits from Bitcoin are observed to flow into altcoins with successively smaller market capitalizations.
"profits from BTC tend to flow into altcoins with progressively smaller market caps"
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Dino coins experienced a recent pump despite lacking a clear narrative or category.
"this is why Dino coins pumped recently despite this not being a coherent narrative or category"
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Many well-known large-cap 'dino coins' are among the first to receive profits rotated out of Bitcoin.
"many of them are well-known large cap cryptos and so first in line for profits being rotated out of BTC"
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Experiencing FOMO for a widely discussed cryptocurrency suggests it is an unfavorable time to purchase.
"if you find yourself feeling fomo over a crypto everyone is talking about then chances are it's the worst time to buy"
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Cryptocurrencies that have shown little movement since early November may present the greatest opportunity when their charts appear stagnant.
"cryptos that have barely budged since the start of November... many others are simply lagging and it is precisely at this moment when the chart appears catatonic that you're presented with the greatest opportunity"
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Successfully identifying high reward-to-risk setups and having the courage to buy during fear and sell early is key to mastering the bull market.
"if you can repeatedly find setups like these where the potential reward far outweighs the risk and you have the guts to buy when it feels scary and sell when it feels early well you're probably going to play this bull market like a master Matador"
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Future market leaders could include 'deep in' cryptos, Ethereum-based tokens, and likely meme coins again.
"it may be deep in cryptos that run next it may be eth beers it will probably be memes again at some point"
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