Whales Market has launched whales.meme, a Solana-native competitor to Pump.Enjoyable.
Whales Market, the trustless OTC platform for getting and promoting airdrop factors, has unveiled its latest product, whales.meme, a no-code platform for launching memecoins on Solana.
Following the discharge, the official Whales Market token, $WHALES, soared 25%, reaching a completely diluted valuation (FDV) of $97 million.
Whales.meme features equally to Pump.Enjoyable, the place customers can create and launch memecoins with no coding expertise and a nominal deployment charge. Nonetheless, as an alternative of shopping for tokens immediately as on Pump.Enjoyable, customers purchase “eggshells” on whales.meme.
There are 200 eggshells per venture, and every eggshell represents 0.5% of every token’s provide. Costs improve alongside a bonding curve as extra eggshells are bought, and the two hundredth and last eggshell acts because the token’s itemizing worth on decentralized exchanges (DEXs) like Raydium.
As soon as the two hundredth eggshell is bought, the funds from the eggshell gross sales function liquidity for the DEX itemizing, and customers can declare their token allocations based mostly on their eggshell holdings.
The launch comes as some market members have been searching for an alternative choice to Pump.Enjoyable following the platform’s exploit on Could 16.
