You will be familiar with viral meme coins like Peanut the Squirrel, Goatseus Maximus, and Chill Guy. These tokens and various other meme coins have gained huge popularity in the meme niche within a short period of time. The fun part is that most of these coins are generated instantly by those who have zero knowledge about web3 programming.
Have you ever wondered how those guys who know nothing about programming are able to generate instant meme coins, even without any effort? The answer is pump.fun, a simple platform that helps users create Solana-based crypto coins within minutes.
This article will be a comprehensive guide to pump.fun. We will check what it is, and how it works, and provide a guide to generate tokens via the platform. Also, we will delve into the details of the most successful projects in pump.fun. Additionally, we will provide tips to make your coin popular.
What is Pump.fun?
As we mentioned above, it is a decentralized platform that aids users without any technical expertise to create instant Solana-based crypto coins. Also, there are no specific eligibility requirements to create a coin. The cost is also low, with around $2 the minimum charge.
When your coin completes its bonding curve you receive 0.5 SOL. Also, there are no presale or team allocations in Pump.fun. When the market cap reaches $100K, around $17K of liquidity is deposited into the Raydium and then burned. Also, you will start seeing buyers instantly after the token generation.
How to Launch a Meme Coin Through Pump.fun?
Pump.fun is the easiest solution for those who are in need of creating crypto, and it can be done in a minute. First, make sure that you have a Phantom wallet and enough Solana balance, approximately $2 of SOL.
- Open pump.fun and click “[start a new coin]”. Then input the name of the coin, choose your ticker, enter a description, and upload an image or video.
- Click “more options” to add X (Twitter), Telegram, and official website URLs. Turn on the “Stay Anon” to become anonymous.
- Click “Create Coin”. Now choose how much coin you want to purchase. This is an optional task, however, buying some of your own coins is recommended as it protects the token from snipers.
- Now initiate the transaction to make the coin live. That’s it. You have made your coin. Start attracting investors now.
How to Transform Your Pump.fun Token Into a Viral Meme Coin?
Marketing a meme coin isn’t as easy as creating one. You have to build a strong story or narrative to attract inventors. Also, you should do extensive marketing by collaborating with influencers and maintaining communities. One thing that succeeds all the crypto is the continuity. You should upgrade your crypto platform in regular intervals, by introducing new features and solving all the issues.
The backbone of a viral meme coin is the community that promotes it in every way possible. Always engage with the community, and guide them to keep the uptrend and attract new investors. Also, ensure that there isn’t any negative feeling surrounding the crypto.
Top 10 Pump-fun Based Cryptocurrencies
With 6.9 billion dollars of capitalization, the pump.fun ecosystem has hosted some of the most popular Solana-based coins. Here is a list of these coins ranked according to the market cap.
- Peanut the Squirrel: With 1.3 billion dollars of market cap, the coin is based on New York-based animal turned social media star Peanut, a cute squirrel. The token ticker is $PNUT and the contract address is 2qEHjDLDLbuBgRYvsxhc5D6uDWAivNFZGan56P1tpump.
- Goatseus Maximus: With 905 million dollars of capitalization as of today, this is a viral cult-based coin that aids a religion called Goatse Gospel. It was the first pump.fun-based meme coin to reach a 1 billion cap. The token ticker is GOAT and the contract address is CzLSujWBLFsSjncfkh59rUFqvafWcY5tzedWJSuypump.
- Fwog: The frog-themed meme coin was made by rebranding the FLOG coin, including its design and logo. As a coin listed in the memecoin supercycle, the coin has a significant number of followers. The market cap has exceeded 500 million dollars. The token ticker is FWOG and the contract address is A8C3xuqscfmyLrte3VmTqrAq8kgMASius9AFNANwpump.
- Act I The AI Prophecy: Like Goatseus Maximus, this is also an AI-driven meme coin with a vibrant community. With 423 million dollars of market capitalization, this is a unique coin that gained virality within a short time. The token ticker is ACT and the contract address is GJAFwWjJ3vnTsrQVabjBVK2TYB1YtRCQXRDfDgUnpump.
- Chill Guy: This coin is based on Chill Guy, a humanoid dog that looks and sounds like Brian of Family Guy. It recently surged to 800% in two days, attracting global attention. With 65K hodlers, the current market cap is 412 million. The token ticker is CHILLGUY and the contract address is Df6yfrKC8kZE3KNkrHERKzAetSxbrWeniQfyJY4Jpump.
- Moo Deng: Launched as a tribute to Moo Deng, a pygmy hippopotamus living in Khao Kheow Open Zoo in Si Racha, the coin attracted massive followers in a short time, attracting 405 million dollars to its market cap. The token ticker is MOODENG and the contract address is ED5nyyWEzpPPiWimP8vYm7sD7TD3LAt3Q3gRTWHzPJBY.
- Fartcoin: As the name indicates, it is not just an ordinary cryptocurrency. Without any intrinsic value, this got so much popularity, just like a real fart. 283 million dollars is the market cap. The token ticker is FARTCOIN and the contract address is 9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump.
- Michi: As a cat-themed meme coin, it naturally attracted a lot of investors. It has an active community around it, with passionate members marketing it in every way possible. The market cap is $175 million. The token ticker is MICHI and the contract address is 5mbK36SZ7J19An8jFochhQS4of8g6BwUjbeCSxBSoWdp.
- Luce: This is a unique meme coin that blends Catholic values with the web3 environment. As a token that symbolizes hope and light, it has a cult-like followers community around, and the market has reached 165 million dollars. The token ticker is LUCE and the contract address is CBdCxKo9QavR9hfShgpEBG3zekorAeD7W1jfq2o3pump.
- Comedian: It is based on a famous artwork called Comedian which features a banana stuck to a wall with a tape. With 155 million dollars of market cap, the token ticker is BAN and the contract address is 9PR7nCP9DpcUotnDPVLUBUZKu5WAYkwrCUx9wDnSpump.
Pump.fun Cons & Controversies
Some of the users accuse pump.fun of creating an atmosphere where every second new cryptocurrencies are being introduced to the web3 environment. This overload confuses the traders who are looking for a coin to invest, in and poses serious threats to decision-making abilities.
The speculative nature of the pump.fun-based meme coins also generated concerns when various investors faced significant losses. However, the current pump.fun market is in a bull phase, and it is witnessing an inflow of new investors.
How to Find the Best Pump.fun Meme Coins?
Those who regularly engage with social media with a keen interest in meme frenzy can find better meme coins. As a niche that generates money without any rational reasons or inherent value, you will get into better coins with intuition than a master plan.
Getting into a meme coin early is another important rule to follow. Always try to create a move ahead of the investors who arrive after the coin becomes viral. Dig deeper into pump.fun platform to find promising coins that are in the embryonic stage. DYOR and choose the best meme coins that suit you.