ICO (Initial Coin Offering)
The Odds of Memecoin Investing: Pump.fun vs. Casino
Thursday. August 15 at 4:00 AM
1 min. readInvesting in memecoins on Pump.fun is riskier than winning in a casino. Traders are struggling to find profitable investments, with only a small percentage of tokens succeeding. Despite efforts to ensure fairness, most coins fail to meet the market cap threshold. Memecoin trader Adam highlighted the low success rate, comparing it to a 'slaughterhouse.' Pump.fun and Basejump.pro aim to create a safer environment for investors, but challenges persist. A $100 investment in a memecoin with a $5,000 market cap could yield $1,380 if it reaches $69,000. Comparing Pump.fun to American roulette, the odds are less favorable for memecoin success. The frustration among traders is evident, with some boycotting the platform. Pump.fun founder Sapijiju defended the high number of coin launches, emphasizing the importance of discovery to filter out bad actors.