The Four.meme platform announced on March 31st that it will undergo a major liquidity pool update (exact timing to be determined), with plans to switch the platform’s liquidity provision to PancakeSwap V2. According to the official announcement, the LPs of all new tokens will be destroyed directly after the launch. However, the update has also raised questions and concerns in the community, with some V3 pools seeing a sell-off of Meme coins, such as muppets, whose market capitalization once plummeted from $20 million to $4 million.
The Odaily Planet takes a closer look at the background to the migration, the reasons for it, the specific policy changes, and the community’s reaction.
Why the migration?
Four.meme’s pool migration may not have been a sudden move, but rather based on a combination of several key factors.
First, PancakeSwap V3 introduces new features such as non-homogenized liquidity (NFT Positions) and pooled liquidity, which allows liquidity providers to offer funding within a specific price range and lock in that liquidity in the form of NFTs. This mechanism has the advantage of increasing capital efficiency, as funding is concentrated only in highly traded active price ranges, but it also introduces a higher level of technical complexity. In particular, an attack in February 2025 exposed vulnerabilities in V3 pools. At that time, attackers extracted approximately $183,000 by manipulating the initial price, which made Four.meme realize that V3’s security and compatibility issues needed to be addressed urgently. In contrast, PancakeSwap V2 uses the traditional Automated Market Maker (AMM) model, which is simpler and more stable, and has a higher level of trust from the community.
In addition, market feedback has shown that PancakeSwap V3 often suffers from price volatility and illiquidity during and after pool migration. For example, the February 11, 2025 attack exposed a vulnerability in V3’s initial price validation that led to the extraction of funds, and V3’s centralized liquidity mechanism can be subject to illiquidity due to market volatility, especially in the early stages of a new pool going live. Users and project owners hope that Four.meme can provide a more reliable solution.
In addition, the announcement that “all LPs of new tokens will be destroyed after the launch” indicates that Four.meme is aiming to simplify the technology stack and reduce the security risks and operational difficulties caused by the complex mechanism. The destruction of the unallocated Meme Coin portion of the LP of the new tokens is an attempt to optimize liquidity management and enhance market stability, aiming to reduce the supply of circulation and support the market performance of the new Meme Coins.
Finally, Four.meme is also under pressure from competitors such as pump.fun. Optimizing the liquidity pooling policy is a key step to stay ahead of the curve in BNB Chain’s Meme market. Switching to V2 and streamlining operational processes will not only reduce technical risks, but also increase the platform’s attractiveness and market competitiveness, while responding to community feedback on V3’s complexity and security issues.
Policy Changes for Liquidity Pool Migration
Four.meme’s liquidity pool update brings several specific changes, as follows:
Switching from V3 to V2: All newly created Meme Coin Liquidity Pools will directly use the PancakeSwap V2 protocol, leaving behind the previous reliance on V3. V2 adopts the traditional AMM model, where the liquidity pool consists of tokens and WBNBs, and the price is dynamically determined by the supply and demand in the market, compared with V2, where the price is dynamically determined by the demand and supply in the market. V2 uses a traditional AMM model, where the liquidity pool consists of tokens and WBNBs, and the price is dynamically determined by market supply and demand, which is more intuitive and stable than V3’s complex LP locking mechanism (involving price ranges and NFT).
New Token LP Destruction: According to the announcement, the liquidity pool (LP) of all newly launched tokens will destroy some unallocated Meme coins directly after the launch. This change is intended to reduce liquidity supply and optimize liquidity management and market stability. For example, if 20% of a Meme coin’s liquidity is unallocated, Four.meme will destroy these tokens after migrating to PancakeSwap to enhance the scarcity of the remaining tokens.
Treatment of Old Pools: Four.meme plans to gradually migrate the old Meme to V2 for the old Meme tokens that already exist in pool V3, but the exact timeline and modus operandi have not yet been clarified. Users may need to request a transfer of liquidity, which may involve additional fees or risk.
Security Improvements: Four.meme is committed to enhancing the security of smart contracts during the migration process, including working with security auditing firms to fix previously exposed vulnerabilities (e.g., the price validation issue exposed in the February 11, 2025 attack and the Lightning Loan attack). In addition, the platform plans to introduce a Timelock mechanism to ensure that major code updates are reviewed by the community to improve transparency and reliability.
While these changes are intended to solve problems, they may also bring new challenges, such as compatibility issues between V2 and V3 or disruptions in the user adaptation period.
Community Attitudes on Migration
Four.meme’s pool migration policy has sparked a lively debate in the community, and the Odaily Planet has gathered some community voices.
Supporters argue that it is a necessary change. Some users say that switching to V2 reduces technical complexity and security risks, while destroying some of the unallocated Meme coins from the new token LP will help stabilize the market and increase value. Moreover, Four.meme’s attention to market feedback shows its sincerity in making improvements and helps consolidate its position in the BNB Chain ecosystem.
However, the voices of opposition are equally strong, with another segment of users expressing concerns. They believe that the policy change is too abrupt, especially since the migration plan for older Meme coins is unclear, which could lead to price drops and loss of liquidity. For example, the market capitalization of meme coins like muppets plummeted from $20 million to $4 million after the announcement of the policy, triggering a sell-off. Some users questioned the transparency of Four.meme, worrying that the new mechanism would again expose security vulnerabilities, and even worried that the destruction of unallocated Meme coins would jeopardize the interests of early investors.
In addition, some users were neutral. They believe that the migration itself is necessary but risky. The community needs more information, such as a detailed migration timeline, security audit reports, and a compensation plan for the old pool. If Four.meme can handle these issues properly, this reform could be a turnaround for its growth; otherwise, it could further shake user trust.
Overall, the discussion on the X-Platform reflects that the community’s confidence in Four.meme is wavering, and it remains to be seen how effective it will be.
