Today I created a meme coin

Did you lose any money personally or did you manage to create some hapless exit liquidity?

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mmm....shiney! said:
Did you lose any money personally or did you manage to create some hapless exit liquidity?
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It cost me approximately $4 worth of SOL at the time to create the coin. Bots took the market cap of the coin to $21k USD - just below the bonding threshold - within minutes of creation. After a day or so, the bots pulled their liquidity. I wrote a lot about my experience with this here: https://www.pmbug.com/threads/should-we-make-a-meme-coin.8048/

TLDR:
pmbug said:
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The $GIM coin was an educational experience. The pump.fun platform makes it easy to create a coin, but it traps the creator by locking whatever initial investment is tendered at coin creation (~$4 in my case) until the coin's bonding curve reaches 100%. Immediately upon coin creation, a coin is bought by snipers (bots) buying at the lowest possible price. The sniper bots then sell when the price has run up sufficiently. It seems like the bots were careful not to fully bond the new coin (I assume to prevent sell side competition from the coin creator). They really want the coin creator to market the coin and draw in liquidity from human traders.

Separately, I created a post on X mentioning the $GIM coin and that post was flooded with replies from supposed KOLs (key opinion leaders) and influencers offering to help me market the coin. I guess they are constantly searching the X platform for posts like mine to prey upon (err - offer their services). These peeps could be legit, but more likely are scammers like the one that scammed the Ron's Basement dude with his Unicorn Fart Dust coin.
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