What the Heck is Happening on Pump.fun?

Know Your Meme

The newest meme coin minting site, pump.fun has pumped up the chaos in the world of crypto, resulting in scams and rug pulls as well as some truly unhinged livestreams.   Watch the full video here: https://youtu.be/vphjlZExKS0  Check out our new MEME STORE: https://thememestore.com/  Subscribe to our channel to learn more about trending memes, hear interviews from meme personalities and more! https://www.youtube.com/channel/UCbrPqq29C9Q_TQP7OFFRzcw?sub_confirmation=1

Transcript

00:00YOU! YOU! YOU! YOU! YOU!

00:02Are 12 year olds really making thousands or even millions off memes right now?

00:06What the heck is going on?

00:08The combination of memes and crypto has always been considered a bit chaotic,

00:11but recently a site came along that pumped up that chaos factor by a lot.

00:16The site is called Pump.Fun, and since its launch,

00:18it's become the new Wild Wild West of the internet,

00:20as users are minting all kinds of weird meme coins

00:23and pumping them with unhinged livestreams and gimmicks,

00:25often resulting in scams, rug pulls,

00:27and a ton of other scandalous events and characters.

00:30Recently, a 13 year old, who the internet has now dubbed the Gen Z Quant Kid,

00:34attempted to rug pull investors in his token by selling it off

00:37at what he thought was a high point.

00:38The livestreaming element of the site also introduced its fair share of chaos

00:41as users performed some rather unhinged acts as gimmicks to pump their coins.

00:45These reached extremes to the point that Pump.Fun

00:48shut down their livestreaming feature on November 25th.

00:50Some users promised sexually explicit reveals of their loved ones on stream

00:54as their coin gained momentum.

00:55Some users went in a dangerous or threatening direction,

00:58like threatening to harm themselves on stream

01:00if their coins didn't reach certain values,

01:01or threatening the lives of goldfish?

01:04One user even faked his own death on stream in an attempt to pump his coin.

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