V said it correctly: Pumpfun has turned every newcomer who just entered the scene into a gambler.
Pumpfun’s product is like a lottery—people can’t stop themselves from charging into shitcoins until their account hits zero.
Retail traders provide the liquidity, while the platform profits from fees.
Since launching in 2024 up to now, its impact on the entire industry has been net negative.
There are no real use cases, no technological innovation, and nothing that has genuinely remained useful to the industry.
When new users come in, their first lesson is how to lose their principal within a minute.
This batch of newcomers could have become investors, builders, and long-term holders.
But Pumpfun turns them into gamblers—money comes quickly and goes quickly; they gamble, then leave, leaving nothing behind.
Even worse, it shapes the industry’s image.
Outsiders looking at crypto see only those shitcoins on Pumpfun that go to zero within five minutes.
They’ll think the whole industry is a casino.
Once that impression takes hold, new people who genuinely want to get in will hesitate even more.
$PUMP
Pumpfun’s product is like a lottery—people can’t stop themselves from charging into shitcoins until their account hits zero.
Retail traders provide the liquidity, while the platform profits from fees.
Since launching in 2024 up to now, its impact on the entire industry has been net negative.
There are no real use cases, no technological innovation, and nothing that has genuinely remained useful to the industry.
When new users come in, their first lesson is how to lose their principal within a minute.
This batch of newcomers could have become investors, builders, and long-term holders.
But Pumpfun turns them into gamblers—money comes quickly and goes quickly; they gamble, then leave, leaving nothing behind.
Even worse, it shapes the industry’s image.
Outsiders looking at crypto see only those shitcoins on Pumpfun that go to zero within five minutes.
They’ll think the whole industry is a casino.
Once that impression takes hold, new people who genuinely want to get in will hesitate even more.
$PUMP