BIPOLAR Meme Coin Launch Sparks Concerns Over Front-Running
The BIPOLAR meme coin is set to launch on Tuesday at 5 PM UTC on Pump.fun, a Solana-based launchpad that allows anyone to create a coin in just one minute. The coin has already gained attention on TikTok, with creators promoting it to onboard a wider audience.
BIPOLAR will be created using an open-source bundler tool that allows the maker to buy a large quantity of the coin immediately upon creation. This raises concerns about front-running and market manipulation, as the price is determined by a formula rather than by traders.
The Pump.fun platform takes a cut from every trade, with both the platform and the coin's maker taking over a cent for every dollar traded. The average lifespan of these types of coins is less than a day, with nearly 70% of all Pump.fun tokens being traded only on their first day.