On this page
- What it is
- A token with no product: a meme, a story, a community
- Where
- Mostly Solana, launched on pump.fun and similar launchpads
- Supply
- Usually one billion tokens, all minted at launch
- Price
- Set by buyers and sellers on a bonding curve, then a pool
- How most end
- At or near zero, often within hours
- How people trade them
- Terminals that show new coins, holders and risk live
How a meme coin is born
- Someone launches it. On pump.fun a creator picks a picture, a name and a ticker and pays a small fee. One billion tokens exist from that second.
- It trades on a bonding curve. There is no pool yet: the launchpad's curve sells tokens to buyers and buys them back, and the price rises as more of the supply is bought.
- It graduates, or it doesn't. When enough SOL has gone into the curve the coin migrates to a real pool (PumpSwap for pump.fun) and keeps trading there. Only a small share of coins ever get that far.
- It runs on attention. After migration the price is attention: posts on X, callers, the narrative it belongs to, the wallets buying it. When attention moves on, so does the price.
Why memecoins move so fast
A new coin starts with a market cap of a few thousand dollars and almost no liquidity, so a few hundred dollars of buying moves the price a lot, in both directions. Everyone is watching the same handful of coins at the same time, and the supply is concentrated in a few wallets at first. That is the whole appeal (a small buy early can become a big one) and the whole danger (the people who bought before you can sell into you).
How most memecoins end
- The rug. The creator or a bundle of wallets they control sells the supply they bought at launch. The chart goes vertical, then to nothing.
- The fade. Nobody rugs, people just stop caring. Volume dries up and the price slides for days.
- The runner. Rarely, a coin becomes the story everyone tells, holds attention for weeks and reaches tens or hundreds of millions in market cap. These are the coins people remember, which is why everyone forgets how rare they are.
How traders read a memecoin
Before anything else: is it set up to rug (who holds the supply, did the dev sell, are there bundles), who is buying (wallets with a record, or bots), and what story is it riding. BLIX answers those on every coin. The five-minute analysis guide walks through it.
Watch them launch
Pulse splits pump.fun into the three stages that matter for a trade. New pairs lists coins about a second after they are created on chain. Final stretch holds the ones closest to completing the bonding curve, where most of the volume arrives. Migrated shows coins that graduated to a pool and keep trading. Every row updates live: market cap, buys and sells, volume, holders, age, the coin's picture and its X, Telegram and website links.
The rug check
Every coin carries a safety read that answers "is this a rug?" in one number, with the reasons under it: mint and freeze authority, whether liquidity is locked or pulled, the dev's past launches (serial launchers are flagged), bundle and sniper share, top-holder concentration and whether the dev sold. A bubble map draws the wallets that are linked by funding so a coin held by one person through twenty wallets looks like it. A coin can pass the rug check and still go to zero: the check is about the setup, not the chart.
The BLIX community
Every account comes with the BLIX Discord: the people trading on the terminal, the narratives as they form, feature drops before they are announced, and the team answering questions. Join the Discord once you have signed up.
Memecoin basics
Check a coin before you buy
Memecoins are extremely risky and most go to zero. Nothing on this page is financial advice.
Frequently asked questions
What is a meme coin in simple terms?
A token with no product behind it, whose price comes only from attention: a joke, a picture or a community that people buy into. Most go to zero; a few run very far.
Are meme coins a good investment?
They are a gamble, not an investment: there is nothing underneath the price. People who trade them size small, take profit early and expect most buys to lose.
Who creates meme coins?
Anyone. On pump.fun a coin takes about a minute and a small fee. That is why thousands launch every day and why checking the creator matters.
What was the first meme coin?
Dogecoin, in 2013, made as a joke about Bitcoin. Today's memecoins are mostly Solana tokens launched on pump.fun and similar launchpads.
Why are most meme coins on Solana?
Fees are a fraction of a cent and blocks are fast, and launchpads like pump.fun made creating a coin a one-minute form. Most of the volume followed.