How Far Would You Go?
Crypto has all the time been a recreation of threat. I’ve taken loads of them — guess on micro caps, jumped into NFTs, and performed with high-risk DeFi protocols. However final night time, I noticed an entire new degree of the sport. A good friend of mine — somebody who has been launching meme tokens for a couple of months — gave me a stay demonstration.
In simply minutes, he created a meme coin on Pump.enjoyable, a Solana-based launchpad designed to make token creation seamless. He tweaked a couple of parameters, set the tokenomics, and hit deploy. Virtually instantly, he began executing a pump-and-dump technique — bringing in early quantity, hyping the token, and dumping it on unsuspecting patrons.
It was flawless. Quick. And appeared nearly too simple.
He’s made $16,000 this month doing this, and from his perspective, it’s simply one other technique within the recreation. “There’s all the time a technique to revenue,” he defined, emphasizing how timing is every thing.
For the primary time in my crypto journey, I wasn’t positive the right way to really feel about it.
Meme cash are infamous for his or her volatility. Some go 10x, 50x, even 100x in hours, whereas others vanish earlier than most patrons may even hit “promote.” In early 2024, the Solana meme coin…