The disappearance of Alon Cohen - be Alon - memecoin trader on Solana - gets rugged, honeypotted, drained like everyone else - realizes the game is broken - launches are unfair - decides to fix it - meets Noah Tweedale and Dylan Kerler - registers Baton Corporation in the UK - idea is simple - make launching a token stupidly easy - September 2023 - domain pumpfun is registered - January 19, 2024 - pumpfun goes live on Solana - bonding curves - instant liquidity - anyone can mint a token in seconds - thousands of tokens - then hundreds of thousands - then millions - most die - some graduate to Raydium - all generate fees - Q1 2024 and $2.4M revenue - already bigger than most startups ever get - Q2 2024 revenue explodes to $47M - memecoins become Solana’s main activity - summer 2024 - livestreams launch - UK regulator steps in - UK users banned - platform keeps growing elsewhere - end of 2024 - over 3 million tokens created - critics say it’s a casino - supporters say it’s free markets - Alon calls it “internet capital markets” - 2025 numbers go insane - $500M+ yearly revenue - $80B+ DEX volume - 6M tokens created - most never graduate but fees keep printing - users start asking - where’s the airdrop? - OG traders feel ignored - July 2025 and Alon drops the nuke - launches token PUMP - $600M ICO in 12 minutes - $1.3B total raised - introduces buybacks - critics scream exit liquidity - an airdrop is promised - late 2025 - massive USDC transfers to Kraken and - Alon goes silent on X after November 8 - pumpfun has generated $870M in revenue - still no airdrop internet capital markets or the biggest casino ever built?