Pump.fun: The Most Controversial Platform in Crypto Right Now

"multiple credible reports suggest a planned raise of $1 billion with a 10% airdrop for the community and the remainder split between investors, team, and future incentives."

"Insiders say the token will likely come with governance rights and could also expand the existing revenue sharing model, meaning memecoin creators and potentially memecoin token holders may both receive a slice of the pump swap dex's protocol fees."

"the team has openly hinted at ambitions to support token creation on other chains. including Ethereum's layer 2s and Tron."

"The founders have repeatedly emphasized the importance of building advanced social features, native chat, coin Pacific threads, DMs, and communitydriven engagement to ensure pump. fund remains the cultural heart of memecoin trading and not just a technical launchpad."

"In multiple interviews, they've stressed that their goal is to build a platform that isn't just a passing trend or a one cycle wonder. Instead, pump.fund fund aims to keep innovating, listening to its users, and refining its approach so that it can serve both creators and traders well into the next market cycle, regardless of how quickly narratives shift in crypto."

"the team has signaled that an enhanced token verification system is a top priority. The aim is to bring greater transparency for users potentially through verification badges or clearer risk warnings."

"this includes upgrading the trading interface, rolling out enhanced analytics, improving mobile support, and gradually reintroducing social features like live chat and live streaming, but this time with stricter moderation and more robust community reporting tools."

"After a meteoric rise in 2024, both revenue and trading volume have crashed back down to Earth. January 2025 saw the platform pull in $137 million in fees, but by May, this had dropped to $46 million."

"Analysis by Solidus Labs showed that over 98% of pump fund tokens were either abandoned or part of pump and dump schemes and just a tiny percentage delivered lasting value. Even during the height of the mania, June data revealed that 99.6% of traders never locked in more than $10,000 in profits."

"The UK financial conduct authority has forced the platform to block British users and ongoing litigation has kept the future of memecoin launchpads murky."

"After the launch of the Trump and Melania meme coins, followed by the outright scandal around Libra, excitement dried up almost overnight. And with it, so did the flood of new money and user activity on Pump. Fun."