In a remarkable event in Washington D.C., a couple celebrated the birth of their daughter during a livestream on Pump.fun, coinciding with the launch of the PREGOWIFE meme coin. The father expressed his desire to make history by declaring his daughter as the first individual “born on the blockchain,” creating a dedicated token called SOLBABY. The baby girl was named “Solana,” a name that is experiencing a surge in popularity across the United States.
On Tuesday, a new father assisted his wife as they welcomed their first child, a daughter named Solana, while a group of crypto enthusiasts gathered on the livestreaming platform Pump.fun to engage in trading the newly launched token celebrating this milestone. As the labor progressed, the chat was filled with enthusiastic messages from PREGOWIFE token traders, who were eager to witness the event unfold. Although viewers could only see the ceiling of the hospital room, they could hear the sounds of the birth, including the mother’s labor, the support from the father, and the reactions of nurses. Participants in the chat expressed their excitement, with one trader exclaiming, “I HEAR HER,” followed by a flood of congratulations from those who had been tuned in for hours.
However, as is often the case in the volatile world of cryptocurrency, many traders expressed dissatisfaction after the event, questioning the legitimacy of the trading activity surrounding the PREGOWIFE meme coin. Prior to the birth, the token had reached a market cap of $86,940 but experienced a staggering 89% drop to just $9,460 shortly after the baby arrived. The father, who goes by the name “Lay-Jee-Un,” later created the SOLBABY token to celebrate his newborn daughter.
He told Decrypt that his intention was to make a historical statement by having his daughter be the first person “born on the blockchain.” The choice of the name Solana was inspired by the cryptocurrency network that hosts Pump.fun, which is a primary platform for meme coin trading. Interestingly, the name “Solana” has gained traction in the U.S., ranking 242nd in popularity after making its debut in the top 1,000 names this year.
The unusual nature of the livestream was not lost on viewers, who have witnessed various bizarre moments on Pump.fun, including developers engaging in outrageous stunts. However, the idea of livestreaming a childbirth was unprecedented. The father remarked that while he respected his wife’s wishes not to film the actual birth, he would have done so if she had allowed it. He praised her for her understanding, emphasizing that his actions were motivated by the desire to support their family financially.
In the past 24 hours, the new father reported earning $2,830 from creator revenue fees on Pump.fun. This platform rewards meme coin creators with SOL, the native cryptocurrency of the Solana network, based on the trading volume their projects generate. Yet, concerns arose among traders about potential irregularities surrounding the launches of both the PREGOWIFE and SOLBABY tokens. Reports indicated that over 50% of both tokens’ supply was acquired in a “bundle,” a practice where tokens are purchased across multiple wallets to create the illusion of a decentralized ownership structure.
Some members of the community speculated that the father might be behind this bundling strategy, but a pseudonymous trader, K9alphas, expressed skepticism regarding this theory. He suggested that the father appeared to lack the necessary experience in launching cryptocurrencies and may not have fully understood the industry’s unwritten rules.
The father defended his crypto knowledge, stating, “I’m a [crypto] vet,” and clarified that while he might be new to the trends on Pump.fun, he was not inexperienced in crypto overall. He firmly denied any involvement in the bundling, asserting that he had only invested a small amount in his tokens. He urged others not to believe the rumors circulating about him.
At one point, the developer’s wallet sold $3,225 worth of SOLBABY, causing a sharp 41% decline in the token’s market cap within a minute. This type of significant sale tends to deter potential investors, as the sudden price drop raises concerns about the project’s stability. Despite these challenges, SOLBABY managed to reach a market cap of nearly $700,000, marking a notable improvement compared to PREGOWIFE. However, the father’s lack of experience with Pump.fun and his apparent token sales have led to a deterioration of sentiment within the community, causing the token’s market cap to drop by 92% to $58,049.
While some traders expressed disappointment, they acknowledged the father’s good intentions. K9alphas noted that the father was likely new to the Solana and Pump.fun ecosystems and may not have been fully aware of the trading landscape. Regardless of the backlash, the father remains optimistic about the future of SOLBABY, referring to it as a “longevity coin” that will serve as an on-chain representation of his daughter. However, specifics on his long-term plans remain unclear, as he admitted to being sleep-deprived after staying awake for over 48 hours. Balancing the challenges of parenthood and the world of meme coins is no easy task, and there are no guides available for this unique journey.
