The Psychology of Meme Coins: Why Pump.fun’s Fair Launch Model Attracts Retail Traders
Retail investors have grown skeptical of traditional token launches. Venture capitalists secure allocations months in advance, insiders dump on public markets, and the average trader enters after prices have already moved substantially. The structure breeds resentment because it is openly unfair: some participants have information and timing advantages that others cannot match. Pump.fun, launched in [...]