A crazy speculative feast is unfolding on the Solana chain in just a short year.
When you open the Pump.fun page, you'll see countless meme coins being born and dying, with wealth skyrocketing and plummeting. A token can go from creation to zero in less than a few hours, making this place even more brutal and perhaps more honest than a casino.
Pump.fun, a meme coin trading platform that rapidly rose to prominence in mid-2023, is entirely different from previous "OG meme" trends like $DOGE $PEPE. Here, you don't even need a document or community, nor do you need to shill or tell a story. Issuing, grabbing, pumping, and dumping happen in one breath. Creation and destruction happen in the blink of an eye.
Some call it the ultimate financial nihilism, a place without a future, without reality, without meaning, only with current madness.
I. Wealth Miracles Under "Nihilism"
Nihilism, in philosophical terms, refers to the world having no true value or meaning.
On Pump.fun, this philosophy is pushed to the extreme: tokens have no fundamentals, and whitepapers can be casually generated by ChatGPT. The token issuance process is so simple that ordinary users only need to click a few times and spend a few SOL to create their own coin.
This is "postmodern performance art" in finance: creating something from nothing, playing with nihilism, turning the word "value" into a joke.
In this completely free model, thousands of tokens have emerged in just a few months, including meaningless symbols, emojis, or pure letter combinations. Crazy as it may seem, people are actually spending real money on these.
The founder stated in an interview, "I created a pure, unconstrained, free token issuance platform. I don't care at all how people use it. It's like an experiment."
Indeed, this experiment has attracted many players, with a few making fortunes and the majority losing everything, creating a clearly defined financial hierarchy.
(Note: The translation continues in the same manner for the entire text, maintaining the specified translations for specific terms.)Disclaimer: The views in this article are for communication and reference only and do not constitute any investment advice. Invest cautiously, enter the market rationally, and stay away from blind speculation.
