Memes, Pumps, Blunders: Absurd Crypto Spectacles Make a Comeback

A website called pump.fun allows anyone to create a memecoin through an automated process. Simply enter a name, an introductory description and an image that represents the token. Others browsing the website can “ape” – crypto slang for buying without doing much research – into whatever memecoins they like.

Spending just a few minutes on the website is mesmerizing, with dozens of new memecoins created — and swiftly pumped in value by traders. There are tokens like BoomerCoin. (Ticker: BOOMER; description: “Sell and Grandma dies.”) among memecoins in almost any pop-culture, or crypto-culture category one can imagine. There’s even one mocking a caricature of a risk-adverse traditional-finance worker named Jared, with the description: “memecoins? Sounds too risky, I will never touch them.”

Source: Memes, Pumps, Blunders: Absurd Crypto Spectacles Make a Comeback