- Whales Market has introduced whales.meme, a rival website to Pump that is based in Solana.Enjoyable.
Whales.meme, a no-code platform for launching memecoins on Solana, is the newest offering from Whales Market, the unreliable OTC marketplace for buying and selling airdrop points.
The official Whales Market token, $WHALES, shot up 25% after the introduction and now has a fully diluted valuation (FDV) of $97 million.
Similar to Pump.Fun, Whales.meme allows users to develop and launch memecoins with minimal coding knowledge and a little deployment charge. However, on whales.meme, users purchase “eggshells” as opposed to directly purchasing tokens as they would on Pump.Fun.
Each project has 200 eggshells, which are equivalent to 0.5% of the total supply of each token. As additional eggshells are bought, prices rise in a bonding curve, with the 200th and last eggshell serving as the token’s listing price on decentralized exchanges (DEXs) like as Raydium.
Users can claim their token allocations depending on their eggshell holdings, and the proceeds from the sale of the 200th eggshell serve as liquidity for the DEX listing.
The debut coincides with several market players searching for a Pump substitute.Enjoyment after the May 16 platform hack.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
