Hey guys, have you heard about meme coins on the Solana blockchain? There are hundreds of them being launched now, but don't rush to think that these are just harmless tokens for fun. In fact, these are real traps for inexperienced traders. Let's figure out how they work and why most people lose money on it.
How does it work?
The scheme is simple but cruel: organized groups create meme coins, artificially raise their price using bots and influencers, and then dump them to retail customers who hop on the train too late. The price is falling, insiders are making a profit, and ordinary investors are left with depreciated tokens.
This is not a conspiracy theory — there are specific examples. Take, for example, the meme coins associated with Donald and Melania Trump, or the Libra token, which used the name of Argentine President Javier Millier. All of them soared in price, and then collapsed by 85-95%. At the same time, SOL itself collapsed, losing more than 50% of its value.
Who is behind this?
There are several key players involved here:
Trading groups are anonymous teams that coordinate launches and manipulate prices.
Bots – they buy tokens instantly after launch, ahead of regular traders.
Influencers (KOL) – promote tokens to their audience without warning that their goal is to earn money, not to help subscribers.
Launch platforms such as Pump.fun and Meteora, which allow anyone to create and sell a token, minimizing entry barriers.
Why are meme coins so popular on Solana?
After the collapse of FTX in 2023, the Solana blockchain found itself in a difficult situation. But the success of the Bonk Inu meme token has brought attention back to the network, spawning a new wave of speculative assets. Now Solana has become the main platform for such projects, not because of its technological superiority, but because cartels thrive here.
Do regulators have any complaints about this?
Not yet. In February 2025, the SEC (the U.S. Securities and Exchange Commission) declared that meme coins are not securities. This means that they can be released and sold without registration, and buyers have no protection. Simply put, if you've lost money, that's your problem.
So what should I do?
If you still want to participate in this game, know the rules. Without insider information and high-speed bots, you will almost certainly lose. And even if you manage to enter the market early, more experienced players will always find a way to leave you out of business.
But here's the question: if the odds are so high against you, is it even worth playing this game?