Pump.fun looks to self-regulate gory content
This is a segment from the 0xResearch newsletter. To read full editions, subscribe . Charlie Munger once said: “Show me the incentives and I’ll show you the outcome.” So if you’re launching a memecoin on pump.fun, your incentives are: reach a token market cap of $100k, upon which $17k of liquidity is deposited into the Raydium DEX to kickstart a trading pair.
Then, here are the outcomes: nudity, stray gun shootings, threats of suicide, threats to harm pets, school children, family members and alleged stunts involving the consumption of faeces in a dog cage.
This list just about sums up the banal grasps for attention in the world of memecoins. Thanks to pump.fun’s in-built livestream feature, that race for attention to the bottom is being laid bare on full display.
Attention is the currency of memecoins, so it’s a somewhat unsurprising outcome. This state of affairs has sent a call for regulation or a ban on the memecoin launcher trending across Twitter.
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