A cryptocurrency called BIPOLAR is set to launch on Tuesday at 5 PM UTC on Pump.fun, a Solana-based launchpad where anyone can create a token in a minute. TikTok videos are already going viral announcing the exact time of the sale, but the token does not exist yet and nobody can verify it. These tokens are typically programmed to be bought automatically by bots at launch, before retail users can act. According to CoinGecko, nearly 70% of tokens created on Pump.fun are only traded on their launch day. Pump.fun and the creator together take just over one cent per dollar traded, and the firm Galaxy Research notes that these markets reward infrastructure owners, not investors.
Source: Read the original article
