@PMCoinXYZ

PMCoin ($PM) is a Solana-based token targeting nightlife and entertainment venue loyalty/rewards, founded by Peter Madrigal (from reality TV show Vanderpump Rules).

The project completed a PinkSale presale in December 2025 that hit soft cap (299.65 SOL of 500 SOL hard cap) and listed on Raydium.

While it has some real-world utility vision around venue rewards and VIP access, the execution shows significant red flags: extremely low engagement (avg 9 interactions with 139 followers), heavy presale marketing language, celebrity founder with no apparent crypto/tech background, and vague technical implementation details.

Green flags: Listed on Raydium DEX after presale, has live token on Solana mainnet · Specific use case targeting nightlife venues with founder who has industry connections · Audited according to website claims, with CoinGecko prelisting mentioned

Red flags: Extremely low organic engagement (avg 9 interactions) relative to follower count suggests fake/bought followers · Heavy presale/PinkSale promotion language throughout content, typical of pump-and-dump patterns · Celebrity founder (reality TV personality) with no apparent blockchain/tech expertise · Vague technical implementation - no clarity on how on-chain venue verification, loyalty mechanics, or real-world integration actually works · Presale only hit 60% of hard cap despite marketing push, suggesting weak genuine demand · Recent account (September 2025) with immediate presale push, classic short-term token launch pattern