Pump.fun (PUMP)

C'est officiel, $PUMP n'a plus de support technique.

Inverse Price Discovery https://t.co/2oriSUaG66

Rep posted a full thread for AE about PumpFun 👇🏻
📌 What irritates many people about Pumpfun is not only the sheer number of meme coins created each day, but also the way the project continuously materializes profit.

Since its boom, this PumpF has generated over $1B in revenue from trading fees (a massive contributor to SOL's revenue over time).

However, at many stages, the wallet associated with the project has repeatedly moved large amounts of $SOL to exchanges to sell and lock in profit (the amount is enormous).

In addition, the project raised about $1.3 billion from the $PUMP token sale. While the team and treasury collected hundreds of millions of dollars, users did not receive the large airdrop they initially expected (see the picture below).

And the result is:
• The team collects fees from each token created.
• The team collects fees from trades.
• The team sells most of the SOL it has gathered on the market.
• The team raises additional funds from the PUMP token.
Most meme‑coin traders are still competing with each other, like a never‑ending game.

That is why many call Pumpfun one of the most effective “liquidity‑draining” models of this cycle.