Pump.fun & Memecoins - AKA: shitcoin maker for retards and rugpullers, powered by who else? Solana...
- Thread starter cybertoaster
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- Jan 7, 2021
- Joined
- Jul 13, 2017
He only really covers scams. Although these may be devoid of actual utility and purpose and are pure speculative projects they aren't actually scams
- Joined
- Jan 7, 2021
Bro, how can you still defend this? The market will get flooded with shitcoins from famous people. This will also impact other coins, you are aware of that. This will take away liquidity from legit coins. This is damaging to not only the reputation of crypto (which already isn't the best) but to the general health of the system.
Are you excited for $elon? Or how about $obama? Maybe $kanye?
- Joined
- Sep 24, 2014
- Joined
- Jan 30, 2024
My counterpoint is I think this was always gonna happen.
- Joined
- Jan 19, 2021
Random people and celebrities have been making/pushing memecoins/shitcoins for a few years now. But I believe this is the first time a popular or well-known politician created his own memecoin. I don't believe this was inevitable, at least for Trump. Someone else might have done this in the future, but now that people have seen the President make and push a memecoin, nothing stops anyone else from doing the same. It doesn't matter what regulations exist or laws and rules regarding the proper behavior of any public office; the President made a memecoin and profited, so why can't I?
At best, it's a bad precedent to set, at worst, it's a new level of corruption and grifting.
From https://gettrumpmemes.com/
"Scam" may not be the most accurate descriptor for $TRUMP and $MELANIA. A scam implies fraud or lies/trickery in the deal, but there is no fraud here. "Grift" fits perfectly, though. Unlike a snake-oil salesman who promises an imaginary purpose of the product (lying about the use), these coins have no purpose and are not advertised as having one. These coins exist purely "for the meme" or in the hopes of making money when the line goes up.
I'll call it a scam if the price drops to almost nothing, and most people who bought in lose it all while the few in the inner circle make millions or billions.
Also, update on the current state of both coins:
$TRUMP https://coinmarketcap.com/currencies/official-trump/:
Market cap $10.24B
Volume (24h) $40.37B
Circulating supply 200M TRUMP
**The 24h trade volume is insane**
$MELANIA https://coinmarketcap.com/currencies/melania-meme/:
Market cap $1.59B
Volume (24h) $5.78B
Circulating supply 192.21M MELANIA
To compare with other coins:
BTC:
ETH:
XRP:
- Joined
- Dec 3, 2020
You know this trump memecoin might actually be the last straw, the thing about the Musk debacle is that people were willing to ignore the cringe, the autism, the tax and credits fiasco behind Tesla, but doubling down on the indian serfs thing basically killed his image in one go. Its somewhat surprising how decades of brand management went down the drain with that, everybody across the political spectrum hated him for that. My theory? because unlike the other shit he did this is something that affects people directly, because the job market is in the toilet right now and the future looks grim. It wasn't enough with AI destroying mostly white collar jobs, they now want to import indentured office servants too.
Back to $trump, there is a parallel to what happened to Musk and that is the hawk tuah girl. She was a drunk slut catapulted to the top over a shitty meme, and again people willingly ignored the stupidity, the crassness, that this girl was only famous for publicly admitting to suck dick, somehow she even got a fanbase and launched the #3 biggest podcast in the nation. All that down the drain because of a rug&pull involving her own official memecoin, that's what essentially killed her image and that's because unlike all the other bullshit this affected people directly, the long-term consequences of the debasement of American culture its too abstract and complicated for most, but getting ripped off and losing your savings over a scam isn't. And this could be what kills Trump's image, this memecoin is targeted directly at his die-hard fans, the ones that stuck to him thru thick and thin, but will they keep supporting him if they lose everything? and if this happens will Trump make them whole again or will he double down on his actions to the end like Musk did, further ruining his image?
Back to $trump, there is a parallel to what happened to Musk and that is the hawk tuah girl. She was a drunk slut catapulted to the top over a shitty meme, and again people willingly ignored the stupidity, the crassness, that this girl was only famous for publicly admitting to suck dick, somehow she even got a fanbase and launched the #3 biggest podcast in the nation. All that down the drain because of a rug&pull involving her own official memecoin, that's what essentially killed her image and that's because unlike all the other bullshit this affected people directly, the long-term consequences of the debasement of American culture its too abstract and complicated for most, but getting ripped off and losing your savings over a scam isn't. And this could be what kills Trump's image, this memecoin is targeted directly at his die-hard fans, the ones that stuck to him thru thick and thin, but will they keep supporting him if they lose everything? and if this happens will Trump make them whole again or will he double down on his actions to the end like Musk did, further ruining his image?
Funny I seen a ton of tutorials to clone pump.fun and whitelabel alternatives but I still haven't seen a clone of the site that gets any actual momentum.
- Joined
- Jul 13, 2017
Where does it look like I "defended" this to you? It's really annoying when people reply to stuff like this that I post and claim I said something that I clearly didn't.
All I said is that it's not a scam and it isn't by the definition of a scam. The fact it is extremely speculative is true, but it is being branded as a memecoin and is honest about the fact it has no real utility.
And you are right that the market will get flooded with shitcoins/memecoins from famous people and will impact other more legitimate projects negatively. But eventually once every celebrity starts trying to launch memecoins they will either have to deliver some form of long term utility or they will crowd themselves out of the market and people won't buy into them.
Let's face facts here: It's almost impossible that someone will make a memecoin that tops the performance of a sitting US president's memecoin. I can't think of anyone else that would get more performance and interest.
- Joined
- Jan 19, 2021
A bunch of $BARRON memecoins have popped up recently, after the success of $TRUMP and $MELANIA coins. These are some of the top "Barron" coins on CoinMarketCap. The combined 24-hour trade volume is over $350M.
The top one, "Official Barron," has a 24-hour trade volume of $123M and a market cap of $34M. Naturally, the price shot up immediately after launch and then dropped significantly. Pump 'em and dump 'em, as they say.
Barron Trump has not officially released a "Barron Meme" coin, so be cautious if you are a crypto brotard looking to make some quick cash. None of these coins are backed by anything of value, have no official connection to the person they are named after, and have no purpose other than to be traded. Do not gamble any money you aren't willing to lose.
And if you do gamble and win, send some juice to BossmanJack, who's being held hostage in a Virginia jail cell. Fucking rats are making money yet won't lift a finger to help him.
The top one, "Official Barron," has a 24-hour trade volume of $123M and a market cap of $34M. Naturally, the price shot up immediately after launch and then dropped significantly. Pump 'em and dump 'em, as they say.
Barron Trump has not officially released a "Barron Meme" coin, so be cautious if you are a crypto brotard looking to make some quick cash. None of these coins are backed by anything of value, have no official connection to the person they are named after, and have no purpose other than to be traded. Do not gamble any money you aren't willing to lose.
And if you do gamble and win, send some juice to BossmanJack, who's being held hostage in a Virginia jail cell. Fucking rats are making money yet won't lift a finger to help him.
- Joined
- Dec 27, 2023
Now you, too can LARP as the Federal Reserve but with imaginary internet money instead printing state sanctioned fiat currency.
- Joined
- Dec 3, 2020
- Joined
- Jan 19, 2021
Weird update with $MELANIA.
Here is the original screenshot from January 19, 2025, taken by me on launch day. A copy was posted at the top of page 5.
Archive
Here is a screenshot from today, February 1, 2025
Archive
The critical difference is the change in token distribution.
The old distribution was:
15% public distribution
20% community
20% treasury
35% team vesting
10% liquidity
Today's distribution is:
20% public distribution
20% community
30% treasury
30% team vesting
According to simple math, the 10% liquidity was absorbed into the treasury (from 20% to 30% and 10% to 0%), and the 35% team vesting sold 5% to the public (from 35% to 30% and from 15% to 20%).
Today's market shows a circulating supply of 473.31M (47.33% of total supply) $MELANIA coins, 2.46x the initial circulating supply of 192.21M.
According to some posters on Coinmarketcap the supply increase happened January 31st:
Melania Trump's X account retweeted around the same time this occurred.
Tweet / Archive
There was a massive increase in market cap on January 31st, from $336M to $916M a 2.72x increase.
The 24h volume has increased by ~79%, meaning the newly supplied coins are being purchased. The price is still dropping, though, ~14% in the last 1d.
Not counting January 19th, today would be day 13 since the release of $MELANIA. We should still be in the "Day 1-30: initial lock period."
("Gradually increasing supply," more than doubled to half the total supply within 2 weeks. LMAO)
From my understanding, nothing in the "Team Token Vesting Schedule" indicates that the increase in supply would occur two weeks after launch. I presume there is some other schedule that is not publicly available.
Maybe this is all normal, and I'm reading too far into it. Idk.
Here is the original screenshot from January 19, 2025, taken by me on launch day. A copy was posted at the top of page 5.
Archive
Here is a screenshot from today, February 1, 2025
Archive
The critical difference is the change in token distribution.
The old distribution was:
15% public distribution
20% community
20% treasury
35% team vesting
10% liquidity
Today's distribution is:
20% public distribution
20% community
30% treasury
30% team vesting
According to simple math, the 10% liquidity was absorbed into the treasury (from 20% to 30% and 10% to 0%), and the 35% team vesting sold 5% to the public (from 35% to 30% and from 15% to 20%).
Today's market shows a circulating supply of 473.31M (47.33% of total supply) $MELANIA coins, 2.46x the initial circulating supply of 192.21M.
According to some posters on Coinmarketcap the supply increase happened January 31st:
Melania Trump's X account retweeted around the same time this occurred.
Tweet / Archive
There was a massive increase in market cap on January 31st, from $336M to $916M a 2.72x increase.
The 24h volume has increased by ~79%, meaning the newly supplied coins are being purchased. The price is still dropping, though, ~14% in the last 1d.
Not counting January 19th, today would be day 13 since the release of $MELANIA. We should still be in the "Day 1-30: initial lock period."
("Gradually increasing supply," more than doubled to half the total supply within 2 weeks. LMAO)
From my understanding, nothing in the "Team Token Vesting Schedule" indicates that the increase in supply would occur two weeks after launch. I presume there is some other schedule that is not publicly available.
I believe there to be some deceptive strange behavior from the $MELANIA team. 2.25% of the total supply released monthly for 12 months would be 27% of the total supply. Currently, 47.33% of the total supply is in circulation, up from the initial supply of ~20% (~192M). Maybe it's just a coincidence, but a 27% increase in supply matches the 27% supply for the 12-month release from the team vesting. The 2.72x market cap increase almost matches the 2.46x increase in token supply, but that seems normal.
I'm guessing the $MELANIA team is just dumping coins onto the market instead of waiting for the next 12 months. Someone else may be able to explain this better than I did. If so, please do.
I'm guessing the $MELANIA team is just dumping coins onto the market instead of waiting for the next 12 months. Someone else may be able to explain this better than I did. If so, please do.
Maybe this is all normal, and I'm reading too far into it. Idk.
- Joined
- Jan 19, 2021
I apologize for the double post, but I found this funny and semi-related.
Another 10M (1% of total) $MELANIA has begun circulating (48.33% now). I'm curious if we will see 10M added to circulation per day.
$TRUMP is still only circulating the initial 200M (20%). I give them some respect. Theydon't need to dump yet are true and honest.
The people on CoinMarketCap are funny. It's like Twitter but only retarded crypto-bros.
This is a reply to the MelaniaMeme tweet I posted a screenshot of in my previous post. Other comments similar to this one talk about their lost "investments." Of course, no proof of loss was posted.
Let's not forget:
The replies to this comment are spam accounts trying to scam people by promising "to reclaim lost money" and help people get back stolen crypto and NFTs. Obviously, this is not possible since all transactions on the blockchain are non-refundable and non-reversible by a third party. That's part of the whole "decentralization" thing.
Crypto bro can give money to crypto project, but crypto scammer can't reverse that trade or recover those funds.
Another 10M (1% of total) $MELANIA has begun circulating (48.33% now). I'm curious if we will see 10M added to circulation per day.
$TRUMP is still only circulating the initial 200M (20%). I give them some respect. They
The people on CoinMarketCap are funny. It's like Twitter but only retarded crypto-bros.
This is a reply to the MelaniaMeme tweet I posted a screenshot of in my previous post. Other comments similar to this one talk about their lost "investments." Of course, no proof of loss was posted.
Let's not forget:
The replies to this comment are spam accounts trying to scam people by promising "to reclaim lost money" and help people get back stolen crypto and NFTs. Obviously, this is not possible since all transactions on the blockchain are non-refundable and non-reversible by a third party. That's part of the whole "decentralization" thing.
Crypto bro can give money to crypto project, but crypto scammer can't reverse that trade or recover those funds.
https://x.com/Adrian_Retrieve / Archive
https://x.com/ScamrefundWeb / Archive
https://x.com/Block_Cypher1 / Archive
https://x.com/ALPHA_DOTTRECOV / Archive
https://x.com/dig_AssetsRECOV / Archive
https://x.com/Scamhelp_HQ / Archive
https://x.com/Steven_Nash01 / Archive
https://x.com/Liam_bryden02 / Archive
https://x.com/Cyber_trackers / Archive
https://x.com/Philip_eth01 / Archive
https://x.com/WebSterDevGateW / Archive
https://x.com/Louis_Eth01 / Archive
https://x.com/Dev_jeff0 / Archive
https://x.com/Swiftt_Recovery / Archive
https://x.com/Mason_Keitel / Archive
https://x.com/Trevor_Recovery / Archive
https://x.com/Sammy_tecch / Archive
https://x.com/BCRescue_ / Archive
https://x.com/ScamrefundWeb / Archive
https://x.com/Block_Cypher1 / Archive
https://x.com/ALPHA_DOTTRECOV / Archive
https://x.com/dig_AssetsRECOV / Archive
https://x.com/Scamhelp_HQ / Archive
https://x.com/Steven_Nash01 / Archive
https://x.com/Liam_bryden02 / Archive
https://x.com/Cyber_trackers / Archive
https://x.com/Philip_eth01 / Archive
https://x.com/WebSterDevGateW / Archive
https://x.com/Louis_Eth01 / Archive
https://x.com/Dev_jeff0 / Archive
https://x.com/Swiftt_Recovery / Archive
https://x.com/Mason_Keitel / Archive
https://x.com/Trevor_Recovery / Archive
https://x.com/Sammy_tecch / Archive
https://x.com/BCRescue_ / Archive
- Joined
- Jul 13, 2017
To be clear on this, it depends how the smart contract or whatever the fuck is designed but you can actually have a "gradually increasing supply" that is system enforced and not possible to escape - or you can have a token where it can do arbitrary things by whoever created it.
Whether or not that is possible kind of depends on what blockchain/platform it launches on and some other stuff, but it is possible. People would have to look into the token before buying it to see what the creator is allowed to do with the smart contract or whatever platform it is launched on though (that isn't super easy depending on where it launches).
But yeah if they're fucking around with the supply stuff post-launch then its basically like breaking a contract and indicative of being a total scam.
Ok to give some context here: inflating the circulating supply like this, unless it is sold on exchanges or dumps is complex. It basically inflates the non-FDV of the market cap, which makes it look more valuable than it is.According to simple math, the 10% liquidity was absorbed into the treasury (from 20% to 30% and 10% to 0%), and the 35% team vesting sold 5% to the public (from 35% to 30% and from 15% to 20%).
Today's market shows a circulating supply of 473.31M (47.33% of total supply) $MELANIA coins, 2.46x the initial circulating supply of 192.21M.
According to some posters on Coinmarketcap the supply increase happened January 31st:
- Joined
- Dec 19, 2022
$TRUMP is holding strong after a small dipperooni while all shitcoins, including BTC, slowly grind into the abyss. Embrace the future as $TRUMP replaces USD as the principal reserve currency.
- Joined
- Aug 9, 2024
Yeah, just a tiny $55 dip from an ATH of $75 down to a fairly consistent $20. No problemo. Diamond hands time, boys!
- Joined
- Dec 3, 2020
Can't believe that the borderline hooker who married for money would scam a bunch of gullible cryptotards!
- Joined
- Jul 13, 2017
8chan launched a meme coin:
I wouldn't be too sure about that, as apparently less than ten hours after launch, 80% of all the available $8CHAN tokens were bought up by the project's own developer (a textbook prerequisite for a rug pull), and Ron is already having to fight for his life against accusations of him scamming
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Holy yap session
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(cc @neger psykolog @cybertoaster @somevan712 from the Pump.Fun thread)
