Analysis: The token sale of Pump.fun has a "poor outlook" and is currently suspected to be in trouble.
PANews, July 9 - According to The Block, on Monday, Pump.fun claimed to plan to sell 150 billion PUMP Tokens to raise $600 million, attracting criticism, and the relevant listing information on Gate exchange mysteriously disappeared. Many Crypto Assets advocates believe this is a negative influence. The Block's research director, Steven Zheng, stated: "Some users were surprised by Pump's Token sale; they originally expected a large-scale Airdrop like popular applications such as Hyperliquid. Although an Airdrop may still be in preparation, Pump, having already raised $700 million through other means, seeking to raise another $600 million through a Token sale will certainly leave a negative impression."
Space ID Marketing Director Alice