Memecoin Wealth
As altcoin valuations soar to absurd heights, a new breed of memecoins on Solana have engaged attention, embodying a growing trend of financial nihilism. The vehicle that has been chosen for memecoin speculation is pump.fun which has already reached $200M of fees in under a year!. But beneath the surface lies a deeper question: how real is the wealth effect of these coins? Are WAGMI?
Show pump fun example coin add image
calculate how much is able to be cashed out
- show example of giga coin (bad example)
extrapolate to all pump fun coins and create dataset of wealth effect
- talk about caveats ( tokens launched on centralised exchange)
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