Why bonding curves and Pump.fun reshaped how Solana meme coins launch — and what still breaks
Counterintuitive start: a launch mechanic meant to replace manual market-making can make a token inherently harder to value. Pump.fun’s rise on Solana shows why—its bonding-curve launch model automates price discovery and liquidity, but that automation transfers several subtle risks from market makers to protocol rules and user timing. For anyone in the US weighing whether
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