Only buy meme coins launched on pumpfun

This can save you from disappointment. Check if the coin was launched on pumpfun, and if it was, your chances of getting scammed drop significantly. If it’s only a few days old and has a market cap in the millions, your risk is even lower.

Sure, you can still lose money, and some coins might still fail, but the liquidity can’t be removed, making scams less likely.

So really, unless the coin is so old that it predates pumpfun, like Wif or some other well-known ones, just steer clear of coins not launched on pumpfun. That’s where the volume and liquidity are anyhow.

WARNING:

  1. IMPORTANT, Read this to keep your crypto safe from scammers: https://www.reddit.com/r/solana/comments/18er2c8/how_to_avoid_the_biggest_crypto_scams_and/
  2. Don’t trust DMs offering help with your funds (Scammers)!
  3. Never share your Seed Phrase or enter it on any unfamiliar websites.
  4. MODS or Community Managers will never DM you first about your funds or wallets.

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I totally agree.

A lot of frustrated people complain about pumpfun and how they made $66 million this month. Tokens on pumpfun are set up to be as secure as possible.

On Solana, there are four common ways to get scammed:

  1. Mint authority not revoked
  2. Freeze authority not revoked
  3. LP tokens not locked or burned
  4. Developers sniping or bundling supply and dumping on users

Pumpfun addresses the first three issues.

To help with the fourth, always run the token address through a scanner bot like TrenchyBot on Telegram.

Pacey said:
@Kumi
[deleted]

Good point about taxes; they’re tough to rug as they can’t easily be manipulated. However, they can still be exploited.

Regardless, pumpfun handles this too. Taxes can be added via a transfer fee or a transfer hook extension, only possible with Token 2022 tokens. Tokens created on pumpfun follow the standard SPL Token Program— not the newer 2022 program.

People often overlook metadata mutability, but pumpfun also solves that by keeping that authority.

Pacey said:
@Kumi
[deleted]

True, but be cautious assuming it’s a pumpfun token just because the address ends in ‘pump’. I saw a Twitter post identifying a sneaky scam where deployers create vanity mint addresses ending with ‘pump’ to disguise rugs.

https://x.com/TrenchyBot/status/1849913676809241068

@Kumi
Is this what you mean?

CTg3ZgYx79zrE1MteDVkmkcGniiFrK1hJ6yiabropump

Alright, it’s a shill, but pumpfun solves problems 1 to 3 and this one also solves problem 4.

Pacey said:
@Kumi

Your post has been automatically removed for violating our community guidelines on promotional content and meme coin spam.

Promotion of Telegram groups, Discord servers, NFT projects, new sales, IDOs, referral links, meme coins, etc., is not permitted on this forum; therefore, your post has been REMOVED.

If you want to discuss NFTs or meme coins, there are other subreddits, “Unaffiliated With Solana,” dedicated to those topics like r/Memecoins, r/SolCoins, or r/SolanaMemeCoins (Use Them At Your Own Risk).

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@Kumi
How did you find out they made $66 million this month?

Halston said:
@Kumi
How did you find out they made $66 million this month?

I saw some guy tweet it.

Here’s a link: https://x.com/solananew/status/1860663838997180924?t=5a4ia6s2K-gzfJxPYtYrKg&s=19.

There are also some knowledgeable folks tracking this on Dune, so try searching for pumpfun revenue there.

I learned that when a coin launches, if the price candles are all green with a sharp price increase, it’s often the developer buying tokens with multiple wallets to artificially inflate the price. A healthy chart should show a mix of early sellers and buyers. If a coin shoots up right away, it’s wise to exit fast before you get burned. It happens quickly.

@Hadley
Not always; sometimes there’s a strong group behind a launch with good marketing that can list a coin on Raydium in a flash. Most of the time, I agree with you.

Neely said:
@Hadley
Not always; sometimes there’s a strong group behind a launch with good marketing that can list a coin on Raydium in a flash. Most of the time, I agree with you.

Keyword: rarely. That means don’t trust it ever.

@Hadley
Thanks for the info.

Pacey said:

I use Bullx and think it’s a game changer.

Pacey said:

Is Bullx only for the Solana chain?

Rian said:

Pacey said:

Is Bullx only for the Solana chain?

It’s designed for Solana, Ethereum, BNB, Base, Arbitrum, and Blast!

Oswin said:

Rian said:
Pacey said:

Is Bullx only for the Solana chain?

It’s designed for Solana, Ethereum, BNB, Base, Arbitrum, and Blast!

But doesn’t Bullx charge high fees per trade? What’s the cost?

@Merrill
They charge less than 1%, which is standard for trading tools.

@Merrill
They charge 1% or 0.9% with a referral link, plus any pumpfun fees if the coin is on there, and you may incur charges for priority and slippage could eat into profits. If you need a referral link, DM me.

Pumpfun doesn’t protect against scams. 99% of coins on there are scams.