Nick Navis

Now, regardless of which kind of meme coin creator we're talking about, the goal on pump.fun is generally the same. Whether you are a 13-year-old boy or a C-list celebrity or a crypto insider, what you want is for your meme coin to blast off. You can think of the site as a kind of massive launchpad, like a giant Cape Canaveral.

But a lot of it is filled with the skeletal remains of meme coins that have failed to launch.

But a lot of it is filled with the skeletal remains of meme coins that have failed to launch.

But a lot of it is filled with the skeletal remains of meme coins that have failed to launch.

Which means they basically have zero buyers.

Which means they basically have zero buyers.

Which means they basically have zero buyers.

But if a coin creator can get enough key opinion leaders on board, they might get some initial price liftoff. Because this whole horde of key opinion followers might hop on the rocket in the hopes that they can hop off before the price collapses.

But if a coin creator can get enough key opinion leaders on board, they might get some initial price liftoff. Because this whole horde of key opinion followers might hop on the rocket in the hopes that they can hop off before the price collapses.

But if a coin creator can get enough key opinion leaders on board, they might get some initial price liftoff. Because this whole horde of key opinion followers might hop on the rocket in the hopes that they can hop off before the price collapses.

The hope for the truest meme coin believers is that their coin will somehow manage to reach escape velocity and make it all the way to the financial moon, maybe even Mars, to join the doges and pepe coins of yore.

The hope for the truest meme coin believers is that their coin will somehow manage to reach escape velocity and make it all the way to the financial moon, maybe even Mars, to join the doges and pepe coins of yore.

The hope for the truest meme coin believers is that their coin will somehow manage to reach escape velocity and make it all the way to the financial moon, maybe even Mars, to join the doges and pepe coins of yore.

So just like as in a casino, on Pump.Fun, the house also always wins? Yeah. But if you are somehow coming away from all of this with the impression that meme coin millionaires are being minted all the time, Zeke says that is exactly the fear of missing out that fuels this whole market.

So just like as in a casino, on Pump.Fun, the house also always wins? Yeah. But if you are somehow coming away from all of this with the impression that meme coin millionaires are being minted all the time, Zeke says that is exactly the fear of missing out that fuels this whole market.

So just like as in a casino, on Pump.Fun, the house also always wins? Yeah. But if you are somehow coming away from all of this with the impression that meme coin millionaires are being minted all the time, Zeke says that is exactly the fear of missing out that fuels this whole market.

And keep in mind, meme coin trading is a zero-sum game. Every dollar someone makes on a meme coin mathematically has to come at the expense of someone else buying it. Which means that this tiny minority of winners, that 3% of traders, is making their fortunes off the vast majority of meme coin investors.

And keep in mind, meme coin trading is a zero-sum game. Every dollar someone makes on a meme coin mathematically has to come at the expense of someone else buying it. Which means that this tiny minority of winners, that 3% of traders, is making their fortunes off the vast majority of meme coin investors.

And keep in mind, meme coin trading is a zero-sum game. Every dollar someone makes on a meme coin mathematically has to come at the expense of someone else buying it. Which means that this tiny minority of winners, that 3% of traders, is making their fortunes off the vast majority of meme coin investors.

In your mind, is this all just a giant casino? Like, is this just like an ancient practice of sometimes irrational gambling, like just updated and put onto the blockchain?