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The concept of the bonding curve is fundamental to how coins flourish on Pump.fun. Simply put, as the number of buyers increases, the value of the coin rises accordingly. The first buyer may purchase the coin at a low price, but as subsequent buyers join the fray, the price escalates. This dynamic means that creators of a new coin should ideally be the first purchaser to ensure they are able to benefit from the initial low price.
Steps to Create Your Own Meme Coin
Creating a meme coin on Pump.fun involves several steps:
- Set Up a Crypto Wallet: The first requirement is a Phantom wallet to hold Solana, the base currency used on Pump.fun. Having some funds available—approximately $5 worth of Solana—will allow creators to invest in their own coins immediately upon creation.