IntroductionIn early 2024, Solana emerged as the epicenter of crypto’s meme coin mania. Fueled by lightning-fast transactions, near-zero fees, and viral community energy, the network saw thousands of tokens launched in a matter of weeks. At the heart of this explosion was Pump.fun — a gamified platform that enabled anyone to deploy a token with a few clicks and watch its value climb a bonding curve as buyers piled in. But alongside the memes, a darker trend was unfolding. A growing subset of ...

IntroductionIn early 2024, Solana emerged as the epicenter of crypto’s meme coin mania. Fueled by lightning-fast transactions, near-zero fees, and viral community energy, the network saw thousands of tokens launched in a matter of weeks. At the heart of this explosion was Pump.fun — a gamified platform that enabled anyone to deploy a token with a few clicks and watch its value climb a bonding curve as buyers piled in. But alongside the memes, a darker trend was unfolding. A growing subset of ...