The Memecoin Trojan Horse on Bankless

Token launchpads such as Pump.fun and Clanker are neutral tools, and the memecoin label is overbroad because some tokens launched on them grow into real projects. GOAT, which came out of Pump.fun and is tied to the Truth Terminal brand, and ANON, which gives token holders access to an anonymous Farcaster account, are cited as examples. The text also calls fully liquid launches with instant AMM liquidity a valid distribution mechanism despite its potential for abuse. It highlights Flaunch, which lets devs set a fee split with the community receiving at least 20%.