Celebrity coins, fun-filled tokens, and culture-specific assets are flooding the memecoin ecosystem with hypes and speculation, as hundreds of new coins launch every day! But, what if Australian rapper Iggy Azalea joins Thrust, a Solana-based token launchpad, to boost credibility for celebrity-backed coins and knock down pump-and-dump schemes?
Most of the memecoins are highly speculative and are notorious for pump-and-dump or rug pull schemes. Well, this is not my personal opinion — reports back it up! Solidus Labs found out that Solana’s Pump.fun launchpad has 98.6% of tokens that ended up in a pump-and-dump scheme!
Thrust attempts to professionalize chaos in memecoin landscape
Iggy Azalea, who is also the founder of MOTHER memecoin, has joined Thrust as creative director. She will migrate her MOTHER tokens to the new launchpad that helps prevent celebrities from simply launching coins and leaving them behind.
In other words, to make this prevention practical, the Solana-based Thrust platform uses legal policies to bring more credibility to celebrity-linked coins and stop pump-and-dump culture.
Can memecoins defeat memecoins?
The arrival of Thrust depicts a group of memecoins defeating other groups of memecoins that are genetically holding a pump-and-dump culture. Memecoins are basically derived from less to no utility factors, clubbed with fun. In this case, how can a memecoin launchpad conquer other memecoins?
Thrust transforms the epic memecoin culture and creates a legal foundation for their memcoins, which will not collapse even if excitement fades.
Thrust’s goal is commendable, but if they practice the typical memecoin culture in their long journey, they risk becoming the very thing they are working to reform. The idea of the token launchpad for building accountable and non-hype fan memecoins could indeed be a black mark in the eyes of other memecoins. Thrust has the potential to attract memecoins that genuinely look to promote their culture through proper legal binds. However, chances are high that the existing meme culture and hype will remain the same.
