TL; DR
Full story
Three years ago we were blown away this video, titled:
“How to Create a Cryptocurrency for Less than $2”
…all you had to do was buy some BNB tokens, exchange them for smart chain tokens, copy and paste some code – and BOOM!
You had your own cryptocurrency.
It was amazing to us how accessible the process felt.
Nowadays, that tutorial feels full of unnecessary friction since you can go there pump.fun/create → fill out a four-part form (token name, ticker symbol, description, image) → then launch your token with one click.
This low barrier to entry led to – wait for it – 455,000 new tokens being launched on Solana last month.
That’s a big problem!
Not only for Solana and its holders, but for the entire space.
Because while coin/token maximalists are often the loudest voices, they are actually a minority of crypto users.
(For example: over 80% of Bitcoin holders also own other coins/tokens).
The recent flood of memecoins coming from Solana and Base may feel fickle (and it is), but memecoins are a huge boon for new users.
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They come in looking for ‘a quick win’
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They rarely do (but it is mitigated by the fact that most people don’t invest more than a few hundred dollars in these tokens)
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They regroup and begin to explore more measured approaches, learning about key projects in the process
It’s weird.
…but it works.