He Built Memecoin Factory Pump.Fun. Did He Make a Small Fortune Dumpi…

Performing an ICO generally involves deploying code to mint a coin on the Ethereum network, outlining the ambitions for a project on a website, and soliciting investment. “Many projects were little more than a white paper and a landing page with a countdown timer—the barrier to entry was minimal,” says Wang.

Though a handful of crypto projects that raised funds by ICO remain in…