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Meme tokens have become an essential part of the cryptocurrency industry. According to CoinMarketCap, the total market capitalization of meme tokens exceeds $66.75 billion. This sector is attracting more crypto enthusiasts looking for quick investment opportunities. In this context, the platform Pump.fun allows anyone to create meme tokens on the Solana blockchain. In this article, Coinpaper will explain what this service is and how to use it to launch your own meme coin. Pump.fun is a platform for trading and creating meme tokens on the Solana and Blast blockchains. Launched in January 2024, it quickly gained popularity for enabling users to create meme coins without i nitial liquidity for a fee of 0.02 SOL. The service guarantees that all meme coins are launched without pre-sales or team allocations to prevent speculation and fraud. Main page of the platform. Source: pump.fun. Once a meme coin is created, trading begins. If enough users buy the token and its market capitalization reaches $69,000, Pump.fun automatically halts trading and transfers the asset to a liquidity pool on Raydium. For tokens on the Blast network, the market cap requirement is $420,000 before liquidity is deposited on Thruster DEX. As of now, the platform is privately managed by its anonymous founders but received early support from the venture firm Alliance DAO. Key Features of the Platform Here are some key features offered by Pump.fun: Cost-effective and simple process. Developers can choose a name, ticker, and image for their token and list it on the site for 0.02 SOL. The asset becomes instantly available for trading. Bonding curve dynamics. The platform uses a mathematical model called a bonding curve to determine token prices dynamically. Prices increase with demand, allowing early investors to benefit from lower initial prices. Liquidity provision and burning mechanism. After reaching the threshold ($69,000…

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Filed under: News - @ February 23, 2025 12:09 pm