GMGN Co-founder Haze: How Memecoins Use Speed to Empower a New Generation of Investors

KEYTAKEAWAYS

TABLE OF CONTENTS

• KEY TAKEAWAYS
• WHY GMGN WAS CREATED: ALL ABOUT SPEED
• WHY YOUNG PEOPLE LOVE MEMECOINS – THREE KEY REASONS
• YOUNG TRADERS ARE CHANGING HOW CRYPTO IS TRADED
• A UNIQUE YOUTH COMMUNITY AND LANGUAGE
• GMGN’S CONTRIBUTION TO THE SOLANA ECOSYSTEM
• DISCLAIMER
• WRITER’S INTRO

CONTENT

In 2024, the crypto market saw the rapid rise of a trading product called GMGN, which quickly became a rising star in on-chain Memecoin trading. In a recent public speech, Haze, the head of GMGN, shared the story behind its creation, how the product is positioned, and his insights into the new generation of blockchain investors.

WHY GMGN WAS CREATED: ALL ABOUT SPEED

Haze explained that GMGN was created to solve a key problem—slow transaction speed in on-chain Memecoin trading. In traditional blockchain trading, slow buy-in often means missing the best opportunity.

For younger traders who thrive on high risk and quick gains, this is a dealbreaker. GMGN focuses on speed, with the motto: “In Memecoin trading, even seconds make a difference.”

WHY YOUNG PEOPLE LOVE MEMECOINS – THREE KEY REASONS

According to Haze, Memecoins are popular among younger users for three main reasons:

1. Fast distribution of information and assets: Memecoins can reflect global hot topics within minutes. For example, after the Trump attack, a token themed “Fight” was created almost instantly.

2. Strong cultural identity: Memecoins like WaveDoge carry unique cultural meaning and build strong communities.

3. Monetizing attention: If you spot and buy a Memecoin tied to a trending event before the crowd, you can profit big once it goes viral.

Haze emphasized that the Memecoin boom started with the launch of PumpFun in January 2024. PumpFun introduced a standard for creating Memecoin assets—similar to how ancient China unified measurements—making asset creation faster and easier. Over 8.9 million new tokens were created in one year.

GMGN also grew fast. It launched in May 2023 and, by November 2024, was handling 14 million monthly visits and 600,000 trades daily, becoming a leader in Memecoin trading.

YOUNG TRADERS ARE CHANGING HOW CRYPTO IS TRADED

Haze observed that most GMGN users are under 30, many of them born after 2000. Most never traded stocks and don’t care about financial reports or project whitepapers. Instead, they follow trends, social signals, and community vibes.

This new group wants fairness and speed—they’re tired of slow chains and private VC games. GMGN offers them a faster, more open way to trade.

To meet these needs, GMGN built its product around four types of speed:

• Fast discovery: A tool called “Chain Scanner” alerts users within seconds when a new asset appears.

• Fast decision-making: GMGN connects blockchain data with Twitter profiles, adding labels like “Whale,” “Diamond Hands,” “Paper Hands,” and “Distributor” to help users decide quickly.

• Fast actions: A simple three-step trading process lets users move fast.

• Fast execution: GMGN’s custom nodes confirm trades in just 0.58 seconds—much faster than wallets that take 2+ seconds.

A UNIQUE YOUTH COMMUNITY AND LANGUAGE

GMGN’s young community has created its own crypto slang, like:

• “Pour water” (buy at the top),

• “Cap off” (buy then the price crashes),

• “Fix it” (when a dev claims an anonymous token)

• and users call themselves “P Soldiers” or even “P Generals.” It’s a fun, tight-knit space.
  

Haze shared real examples: after the Trump incident, many traders made millions in just two days—fully traceable on-chain. They profit by spotting trends early and riding the attention wave, something traditional investing rarely offers.

GMGN’S CONTRIBUTION TO THE SOLANA ECOSYSTEM

GMGN also supports the broader crypto ecosystem. The team holds over $60 million in $SOL and has staked all of it to support the Solana network. They haven’t sold any of it, showing their belief in long-term crypto value.

FINAL WORDS: SPEED + TRENDS = THE FUTURE

Haze concluded by saying Memecoins may be in a cool-off period, but as long as trends exist, Memecoins will too. GMGN will keep helping young traders catch trends fast and turn attention into value. This speed-focused and trend-driven mindset might just be the key to blockchain’s next big leap.

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