A Candid Statement I believe PumpFun has ruined the altcoin market. PumpFun succeeded in creating a revenue-generating protocol and a structure where the protocol's profits are distributed to PUMP token holders through massive buybacks. Since then, people have come to regard it as justice for blockchain projects to generate immediate profits and share those profits with token holders. A standard for judging the value of altcoin investments has essentially been established. Now, the countless altcoins that used to mint tokens by selling dreams must answer questions like, "You guys aren't even making money," and "So what do I get if I hold these tokens?" To address this, the most realistic and proven projects are, naturally, projects like Memecoin Launchpad or Gambling Site, while countless copycat PumpFuns are flooding the market. Since selling unrealistic dreams no longer works, the pace of innovation in infrastructure and technology that does not generate revenue has slowed down. A standard for judging value has been established in the crypto market, which grew through the selling of dreams, and I believe it is difficult to return to the altcoin market of the past. Sometimes I miss the days when I used to buy Fartcoin just to make me fart... Oh, writing it like this makes PumpFun sound like a really good project? Original link: Charizard
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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