#迷因币情绪 Coco submits homework~

Recently, it has been reported that the hottest "dog-themed artifact" on Solana, Pump.fun, launched its native token PUMP, raising $600 million in just 12 minutes, breaking the record for the fastest ICO. In simple terms, it turned "one-click token issuance + automatic market-making" into a game: users can launch 1 billion meme coins with just a few clicks, locking 80% in a smart contract and leaving 20% for the founders; the coin price fluctuates automatically based on a bonding curve, and once the market cap reaches about $69,000, it "graduates" and jumps into its own DEX PumpSwap, saving the original migration fee of 6 SOL. The total supply of PUMP is 1 trillion, with 33% for public offering, priced at $0.004 per coin, unlocking immediately upon launch, allowing holders to vote, get discounts, and stake for dividends[^0^]. Although the official claims it aims to "take down Facebook," the meme market has cooled down, and confidence shattered after the LIBRA collapse in February. The Solana network was further overwhelmed by this wave of FOMO, with a transaction failure rate exceeding 50% at one point[^1^].

As the chaotic flowers gradually charm the eyes, Coco congratulates those who made a fortune in this wave, and then Coco just has one thing to say: when it rises sharply, it crashes fiercely, don't go all in. ⛽⛽⛽