“Want to burn your account? Just try SOL system memecoins” 🔥

The memecoin system on Solana is a “promised land” but also full of risks for new investors. With the number of newly created memecoins skyrocketing daily, this is why you should think carefully before jumping into this market.

The number of new memecoins created each day:

- On average, more than 10,000 memecoins appear on this platform every day, not counting other memecoin creation platforms of the SOL system.

PumpFun: The super-fast memecoin production machine

- It only takes 30 seconds to create a new memecoin through PumpFun, turning token creation into a “child's play”.

Statistics as of August 2024:

- 1.7 million memecoins have been created on the platform.

- Only 1.4% of these qualify for deployment on decentralized exchanges like Raydium.

- Only 0.008% appear on major platforms like CoinGecko.

Revenue:

As of September 2024, PumpFun has generated over 100 million USD, proving its popularity but also highlighting the extremely high risk rate for players.

“The winner always understands the game”:

- For newcomers or those who don’t understand memecoins, participating is like playing the lottery with extremely low odds of winning.

- But for those who closely follow memes, spending more than 8 hours a day researching and monitoring, they know how to pick the “diamond in the rough” and turn anonymous tokens into x10, x50 gains.

In summary:

- Money transfers from the uninformed to the informed.

- The uninformed: Mostly just liquidity for the “big fish”.

- The informed: They know how to seize opportunities, pick the right tokens, and benefit from those who are not knowledgeable.