Analysis: Pump.fun's token sales have "poor prospects" and are currently suspected to be in trouble

According to The Block, on Monday, Pump.fun announced plans to sell 150 billion PUMP tokens to raise $600 million, drawing criticism from critics. Additionally, information about the Gate exchange's listing has mysteriously disappeared, and many cryptocurrency advocates believe that the impact of this matter is not good. Steven Zheng, the research director of The Block, said, "Some users were surprised by the token sale of Pump, as they had expected large-scale airdrops like popular apps like Hyperliquid. Although airdrops may still be in preparation, Pump still needs to raise an additional $600 million through token sales, in addition to raising $700 million through other means, which will definitely leave a negative impression. ” Alice Shikova, the marketing director of Space ID, stated that with the fading of the Meme coin craze, the demand for Pump.fun token sales may be lower than expected. Although it has brand advantages, this move carries risks due to insufficient demand and liquidity. Cryptocurrency researcher @ 0xCabana posted: 'Pump.fun issuing tokens is like a corrupt presidential candidate promising not to embezzle this time.'. ”Noones App CEO Ray Youssef posted on X, stating that "unscrupulous exchanges exploit users through perpetual contracts, while Pump.fun drains the vitality of DeFi, which destroys cryptocurrency. Newcomers are cut into leeks when they enter, and then they never come back