I created a meme coin today

[pmbug]

For a bit of fun and to learn how it works.  I bought $4 worth of the coin at creation.  Beware my stacks! (lol).

https://pump.fun/coin/FFqhfLsiv1orjMDQLLvJEzVszAsEFvXqPxgtiHU1pump?coins_sort=market_cap

I was very surprised to see the market cap explode shortly after I created the coin.  This is kind of crazy.

[EluguHcman]

For a bit of fun and to learn how it works.  I bought $4 worth of the coin at creation.  Beware my stacks! (lol).

https://pump.fun/coin/FFqhfLsiv1orjMDQLLvJEzVszAsEFvXqPxgtiHU1pump?coins_sort=market_cap

I was very surprised to see the market cap explode shortly after I created the coin.  This is kind of crazy.

For a better marketing attraction maybe you should invest more to proof the reliance of the token and how valuable the coin could perform.
😁

[pmbug]

Probably so!  I've learned a lot from this experiment though. Seems like there is a lot of pump and dump traders who jump on the new coins within seconds/minutes of creation.  That activity seems to be fading away.  The price seems to be stabilizing now.

[albon]

Whether they are inflating the price of an asset or creating a false sense of security the scammers use sophisticated methods to manipulate investors. One may fall victim to pump and dump project or carpet pulling, these types of frauds often targeting novice investors. The token community does this because they can attract a lot of investors in the pump and dump market, but once the price of such a project falls then it takes a lot of time to recover. Pump and dump project rag pools are more common in crypto projects or assets like meme coin which are recently created and have descriptive rather than real value.

[TomPluz]

Just as what I am saying, memecoins are good for pump and dump tactics and with eager buyers on the horizon it would be excited to see them skyrocket in growth but the problem is that the price can immediately go down to Earth like lightning. So good for investors who are fast in liquidating their coins so they are really making good money but it would be unfortunate to newbies who are still innocent on the ins and outs of the market. Anyway, there can be big lessons to be learned when one lost money and since we are all responsible enough with what we have then it would be a market for himself and his money to squander or to rake in more money. I am now thinking of also launching my own memecoin though I have no reputation preceding me...so I am not sure if anyone will be buying what I would create. Anyway, congratulations for Gold Is Money (GIM) with marketcap of $6,057 as of this writing.

[bayu7adi]

You made it and it immediately has a price?? wow... very cool... is it true that there is no promotional element at all? In fact, we often see new memecoins always have a budget for promotion... they can release different coins at the same time and try their luck, if you see a memecoin that only has a capital of $ 4, it can be a destination for memecoin enthusiasts, that's really easy money, right?

So I know why they do so many iterations to create memecoins... because it's so easy and profitable (for those who understand the steps)...

[Aanuoluwatofunmi]

For a bit of fun and to learn how it works.  I bought $4 worth of the coin at creation.  Beware my stacks! (lol).

https://pump.fun/coin/FFqhfLsiv1orjMDQLLvJEzVszAsEFvXqPxgtiHU1pump?coins_sort=market_cap

I was very surprised to see the market cap explode shortly after I created the coin.  This is kind of crazy.

I will only say that you should be careful and let he that stand take herd before he falls, these coins can be promising and at the same time disappointing, many of these coins were also created on the same purpose of test running while many have invested on them and they got their money rug pull, let's be more careful as anything can happen at anytime, the purpose for creating a memecoin should be defined and feasible.

[hugeblack]

Why is all the meme coin ideas based on the price explosion and exploiting it to make a profit, every time they happen the token tries to attract more investors and then the owners of the largest balance of tokens try to sell what they have which causes a correction.


You may make a profit but you have contributed to making developers rich and other investors (maybe you are one of them) poor by losing their investments.
So stay away from any meme coin with a market cap of less than $10 million.

[Stompix]

I was very surprised to see the market cap explode shortly after I created the coin.  This is kind of crazy.

Happens with every meme coin, you initiated a buy yourself that;s why, a few sniping bots maybe some lucky trades and because of the small jump in price so went the MC but the liquidity wasn't there to hold, hope you didn't  invest anything more in that as bots would have emptied it all during these days.

[bettercrypto]

For a bit of fun and to learn how it works.  I bought $4 worth of the coin at creation.  Beware my stacks! (lol).

https://pump.fun/coin/FFqhfLsiv1orjMDQLLvJEzVszAsEFvXqPxgtiHU1pump?coins_sort=market_cap

I was very surprised to see the market cap explode shortly after I created the coin.  This is kind of crazy.

If you sell before it gets dumped, you can tell if you really take profit on that thing, which may be less than 30 mins. That's how the cycle system is in pump.fun, just timing. And if you combine it with a good strategy, you can really get good earnings from it.

But from what I see, you're still far from the requirements for your meme coin to enter the raydium based on what you need to reach, but anyway you still got profit.
If you sell at that high price.

[target]

Is it just in my computer or its also happening in yours?

Because when I tried clicking the weekly chart the pump.fun doesn't allow me to view it but only n the 1 minute and 5 minute chart. It really is meant for pumping and dumping when you see it that way.

How can I see it that the GIM is really at its bottom when I couldn't see the weekly chart?

[pmbug]

You made it and it immediately has a price?? wow... very cool... is it true that there is no promotional element at all? In fact, we often see new memecoins always have a budget for promotion... they can release different coins at the same time and try their luck, if you see a memecoin that only has a capital of $ 4, it can be a destination for memecoin enthusiasts, that's really easy money, right?

So I know why they do so many iterations to create memecoins... because it's so easy and profitable (for those who understand the steps)...

1. I created the coin and it immediately found buyers.  It went hit a market cap of >$22,000 (at 69% of the bonding pool) within 16 minutes of creation.  I started posting about my experience in a few forums and on X, but I reckon that 99.9% of the trading action was sniping bots and/or humans trying to play at being a sniping bot on the pump.fun platform.

2. Easy money?  I don't know.  The peeps sniping were probably relying on me to promote the coin and generate liquidity from suckers.  That didn't happen with GIM as I didn't promote it (unless you call what I posted in the OP of this thread a "promotion", but I thought it was clear that this wasn't a serious project). Also, My $4 worth of GIM is locked until the bonding pool is fulfilled (which it isn't), so I will likely never recover anything from this endeavor except the knowledge that comes with experiencing the process (which is enough for me).

Happens with every meme coin, you initiated a buy yourself that;s why, a few sniping bots maybe some lucky trades and because of the small jump in price so went the MC but the liquidity wasn't there to hold, hope you didn't  invest anything more in that as bots would have emptied it all during these days.

I only invested the initial $4.  I can't imagine that set a high bar for the market cap.  All the trading action that followed - up to a MC over $22k and a high point of ~70% of the bonding pool reached - was a result of the snipers.  It was interesting to me to see how all the buy side sniping activity ended when the coin reach ~70% of the bonding pool.  I guess they know when to back off so that the coin creator can't compete with them on the sell side.

...
But from what I see, you're still far from the requirements for your meme coin to enter the raydium based on what you need to reach, but anyway you still got profit.
If you sell at that high price.

No profit for me as the pre-creation buy is locked until the bonding is complete (until the coin enters the Raydium system).

Is it just in my computer or its also happening in yours?
...

The link isn't working for me today like it was when I first posted it.  I have to search for the coin in their search bar to find it and see the updated info.  As of this moment, it looks like most of the snipers have sold off and lost interest.  Lol.

[libert19]

I also created one on pump.fun a while back, I was dumbfounded how easy it was to create token and felt exciting when in moments of creation there were few buy/sells as well.

[yhiaali3]

That's okay, at least you know how to create a meme coin unlike Trump, Melania, Elon Musk's dad, the president of Argentina and the Central African Republic.

I mean what's so weird about that if these presidents make their own memes then everyone can make their own memes and flood the market with them, as long as there's no project or purpose for the meme so anyone can make it and then promote it.

This market is in dire need of strict controls.

[JoyMarsha]

I also created one on pump.fun a while back, I was dumbfounded how easy it was to create token and felt exciting when in moments of creation there were few buy/sells as well.

This is funny but not good for the crypto space because it is turning out to be a place where any coin can be created, you have buyers and sellers at the same time who are ready to invest without carrying out any research on their own. What they are looking for is quick gains. The moment that is accomplished, they invest in another newly created meme coin