I came across Pump.fun during the last bull run and honestly, it felt like one of those shit coins. It spiked up but then dropped hard. There was another one back then called WCT, the wallet connect token, that had a similar fate.
Now, I'm curious about Pump, which is tied to Pump.fun. Or am I missing something here?
I just read some news that got me thinking this coin could still go up when the bull market kicks in. I really want to hear what the community thinks about it.
Here’s the scoop: Pump.fun brought in over a third of Solana's revenue in Q1, even with the memecoin hype dying down. It generated $124.7 million, which is quite a chunk of Solana’s total app revenue of $342.2 million for that quarter, despite the slowdown in memecoins.
So, do you all think this coin is gonna stay trash or could it actually rise when the next bull run happens?
We all know the cycle of all meme coins. They eventually slide to the grave. hype → pump → creator exits. All the same cycle all round. Nobody should trust meme coins. This should be the hype period or maybe already in the pump period. Dump period will surely come. My advice. Just beat risk what you can afford to loose. Nothing new under the sun with meme coins.
I have been coming across this token for some time now and I think there is more to discover about this if we can give it more closer look, but as I always advise that each time we want to invest on tokens like this, we shouldn't invest much on them has anything is prone to happen after we made our investment, but so far so good I think it is still worth giving a trial due to some of the information gathered online.
Pump.fun shows that the hype they created can somehow generate a revenue for SOL, but it doesn't mean that automatically this became a great investment to choose. There's really high possibilities that those memecoins can have solid pump during those bull run season, but they should look at the real time scenario happening that it can also dump fast because either the hype fade or the dev done a rug pull.
The platform may look amazing, but for sure it will move the same with those shitcoin which is risky and so volatile. The interest of community matters with this coin, since this will determine on how long those shitcoins would ever last.
Its metrics are amazing. By the amount of revenue they throw into buying back and burning the token in relation to the marketcap is probably the biggest in the industry.
Token performance sucks though.
But again, Pancakeswap is among leaders by that metric as well and its CAKE token is still down more than 95% from the ATH.
Idk what to think out of it. Maybe the market is scared of the regulatory risks and possible investigations of all the stuff that has happened on pump.fun in the past or we are just in very depressive market conditions but the token has been uninvestable so far.
PUMP token will remain a shitty token. It's only a governance token that is also used to incentive its traders and creators in the platform. It's basically has no utility usecase, and it's pure a speculation token. This is why i feel skeptical to expect a pump to happen with Pump token.
Its parent platform doesn't even care to give utility usecase to it. Why shall we think it will be pumped so hard? I don't wanna be exit liquidity from buying this kind of token. So we always remember how utility is much more important to help a token to survive in long term rather than the hype.
Buying this pump token sounds like a gambling instead of investing.
From my what I see on the chart, hype which is Hyperliquid coin is far better. The coin did not fell so much and it is volatile in a way that it is not a shit token.
Hype all-time high: $59.50
Its all-time low: 20.40
Its present price right now: $47.95
Its marketcap: $12.20 billion
Number 10 in marketcap ranking.
That shows that it is a good coin.
I prefer bitcoin the most because no other coin like bitcoin, but if I see a good coin, I can still point to it.
Pump.fun token seems like a utility token for Pump.fun exchange, same with Binance coin for the BNB exchange. So the utility of it is pretty straightforward, mainly to cut fees when trading inside the platform. All rights still reserve to the platform. We don't know, maybe they want to keep things interesting later on, for the people to continue their enthusiasm on it, or if things starting to get boring.
As said, the coin isn't one of those they cater or like the meme coins and there is a standard/regular market for the meme coins either. So we can get a little confident on it, just like how we treat the other utility cryptos. As you also said, the token nor the platform isn't new at all. This is another reason to take it a little serious. That ensures us to not miss a bigger potential in terms of profits.
I do believe this token just like other token people are just hype at first and then lot of it gonna forget about it, at first people are over hyped this token because pump its successful dapp and created notable memecoin, dont forget that there is a speculation there will be an airdrop and etc.
But the hype of memecoin is slowing down the airdrop isnt exist and lot of factor like there is no altseason and other made this token not perfom well
Even with all the stats and how the coin impressive the coin is, you still preferred bitcoin. Meaning you still have trust issues with meme coins and still agree with me that eventually with all it's impressiveness, it will turn zero. No doubt. The coin really impressed me. If I didn't praise it before, now I am doing that.
The coin is doing good now, but I prefer not to have long term trust in altcoins, unlike bitcoin that has been very different. It is worth knowing that hype is not a meme coin. Meme coins are coins that does not have any use or purpose than to pump and probably dump them. But hype is a native token of Hyperliquid, that makes not not a meme coin but a native token of an exchange.
Meme coins are unpredictable.
But when we've seen them that they're no longer relevant. It's going to be the same with pump fun token.
They have their own phase where they are profitable but the profitable investors won't get in again into it unless they see some movement and rise in its volume.
This memecoin have quite an interesting resume and if we are to go by what is hyped here I think that it would be worth putting a lot of money into because it has been profitable so far but still we must remember that it remains a memecoin which should be threaded with caution. This is the type of hype that will cause FOMO and many people will put their money into it and the owners will exit with all the collections and it will become worthless, it doesn't mean that I'm condemning it but we've seen things happen with memecoins. My take is that if you're going for it make sure that you use amount that you are comfortable to loose, don't put all your savings on it because of a bullish articulate about it.
you mean this ----> https://coinmarketcap.com/currencies/pump-fun/
A quick check at CMC will tell you if it's good or not.
While it's true that the Pump.fun platform continues to attract more users, that doesn't necessarily mean the token will rise or even increase in the future, just like TWT Trust Wallet Token.
If there's somebody who wants to create their own meme coin, they'll think of pump.fun first so they'll create their own token on the platform.
They only care about one thing and that's their own meme coin, not the meme coin of the platform itself which is $PUMP.
TBH, I can't think of any reason why the token has been created in the first place aside from the fact that the developers just want to maximize the hype that they got so they created the token, launched it thru an ICO and got a billion dollars from it. Now the total market cap of the token is almost half of the total money that they got. The only people who benefitted from it are those developers, and maybe a few who sold their tokens at the top.
I can't say that it will remain a shitcoin because as much as I want to label it as one, there way more coins out there that are more fit to be called as "shitcoin" like PEPE for example. At least PUMP has some utilities but PEPE on the other hand has none. I can't say though if PUMP will rise in the next bull run, but one thing's for sure, the coin will remain at the top 100 AS LONG AS there are many users that are using their platform.
Not surprising to see that stats, since the platform itself is full of scams. So no wonder that their issued token will be turn as bad as that.
Much better for those investors to avoid this tokens, also the other meme coins been issued in that platform, because they will just eventually lose and the scammers will continue to get rich.
Better to choice other top coins with strong fundamentals and have utilities since they are more better option. Than those so obvious shitcoin offered by pumpfun.
This website called pump.fun is one of the largest websites that supports memecoins tokens especially the ones on the Solana network.
This website has significantly increased the adoption of memecoins allowing their users to quickly create their own tokens and launch it anytime they want. Pump.fun also allows traders to trade different coins on there platform and this is where things becomes tough for people that don't understand the system. The trading fee can be adjusted but hard to set by new users.
they put $20 million a month into buybacks. it comes from revenue and it is almost 50% of what Hyperliquid allocates to buybacks.
Source: https://defillama.com/
yet the FDV is many times lower, than HL's.
there are many risks associated with this token, primarily related to regulatory pressure on the platform itself, but it's definetely not another useless governance shitcoin.
The platform itself is not scam, but the ease and simplicity of creating millions of tokens has made most of them worthless. It has also made it easy for scammers to create hundreds of tokens without paying much. In fact, after the emergence of pump.fun, anyone can create a token without any programming background; they just need to pump that token.
This is the number most people in this thread are ignoring. The platform generates real revenue and allocates a significant portion to buybacks. That is not typical shitcoin behavior.
The problem is the regulatory overhang. Pump.fun has been under scrutiny for enabling scam tokens at scale and that risk is priced into the token whether people admit it or not. Strong fundamentals, but a platform that regulators are watching closely is a different kind of risk than pure speculation.