We thought the same buried, and their favorite laboratory – Pump.fun – definitively relegated to oblivion. But against all odds, the beast still breathes. Worse: it roars. In 12 minutes, Pump.fun raised $ 500 million, relaunching discussions on the future of ICOS and the power of fascination that the most frivolous cryptos still exercise. All against a background of controversy, public contradictions and a persistent scent of algorithmic manipulation.
In short
- Pump.fun harvested $ 500 million in 12 minutes, with tokens sold at $ 0.004.
- The income of the platform dropped by 92 % despite this spectacular prevented lifting.
- 98.6 % of tokens would be fraudulent, and created for the majority by bots.
- A single individual would have produced 18,000 tokens, fueling toxic mechanics from Rug Pulls.
Pump.fun's financial feat: golden masks and fire behind the scenes
12 minutes. This is the time it took to pump.fun to raise $ 500 million during Son iCo. THE token pumpoffered at $ 0.004, found takers for 125 billion units. The Emecoins on Solana creation platform took the opportunity to recall that it was not dead: $ 1 billion raised in cumulativeif we include private sale to institutions.
The figures are impressive, but a careful reading reveals cracks. According to CCN,, Pump.fun income has dropped 92 % since January. The daily launches of Tokens went from 1,100 to 69. Despite this tumble, diluted valuation exceeds $ 4 billion. A nonsense for certain observers.
Jocy, founder of Iosg Ventures, sums up the irony:
In a market where purchasing power is at half mast, such valuation is untenable. It contradicts fundamental logics.
“Every pre-Sale is a scam”: trapped by its own archives
Before being a titan of the express levee, Pump.fun wanted to be anti-preventing bastion. Its founder repeated that “each presale is a scam”-“Every pre-Sale is a scam”. Today, he orchestrates a public sale at $ 500 million. The irony has escaped anyone.
The platform, presented at its beginnings as A decentralized playground for degensis found under the spotlight … and under the fire of criticism. Jocy continues:
It is a masked outing maneuver. The team seeks to liquidate its position, disguised as community success.
Even the most established crypto exchanges as Kraken or Kucoin were asked to host the winde. The entry ticket? Up to $ 1 million per buyer, but without American or British investors, excluded for regulatory reasons.
This about-face sparked a wave of indignation on Twitter, Reddit and in the Crypto press. Some are already talking about Pump. Fun as an economic model built on the sand. Others see a dangerous return of ICOS 2017 version.
Crypto or chaos? Pump.fun and the Rug Sweater Machine
There Reputation of Pump.fun is not just tainted by his contradictions. It is actively eroded by its internal figures. According to Coinbaseonly one individual would be responsible for 18,000 tokens created via Pump.fun: ” He wakes up, creates a dozen tokens per hour, sleeps, then starts again. He has been doing this for months ».
Worse still, 98.6 % of the tokens launched on the platform would be scams or rug sweater. A figure that transforms the ICO record into a display case of a toxic ecosystem.
Some figures to remember:
- $ 500 million lifted in 12 minutes at ICO Pump at $ 0.004;
- $ 700 million in historical income generated by the Pump.Fun platform;
- 11 million tokens created since the launch, but 98.6 % considered fraudulent;
- 18,000 tokens produced by a single individual over several months.
Pump.fun, in his creative frenzy, appears less as a factory of innovations than as an accelerator of crypto chaos. The promise of a disintermediated web 3for many, to the feeling of having been due. The encrypted success hardly masks a drifting platform, at the mercy of bots and prosecution.
Despite this spectacular lifting, Pump.fun is no longer alone in the arena. Opposite, LetsBonk attracts more and more creators of the same on Solana. The war of platforms is launched. And in this fight where the audacity sometimes borders on the scam, one thing is certain: the throne of cryptos even is more disputed than ever.
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