Analysis: The token sale of Pump.fun has a "poor outlook" and is currently suspected to be in trouble.

PANews July 9 news, according to The Block, on Monday, Pump.fun claimed it plans to sell 150 billion PUMP tokens to raise $600 million, attracting criticism, and the related listing information on Gate exchange has mysteriously disappeared, leaving many crypto advocates believing this is a bad influence. The Block's research director Steven Zheng said: "Some users are surprised by Pump's token sale, as they originally expected it to conduct a large-scale airdrop like popular applications such as Hyperliquid. Although an airdrop may still be in preparation, Pump, having raised $700 million through other means, seeking to raise another $600 million through token sales will definitely leave a negative impression." Alice Shikova, the marketing director of Space ID, stated that as the craze for Meme coins fades, the demand for Pump.fun token sales may fall short of expectations. Despite its brand advantages, this move carries risks due to insufficient demand and liquidity. Crypto researcher @0xCabana posted: "The issuance of tokens by Pump.fun is like a corrupt presidential candidate promising not to embezzle this time." Ray Youssef, CEO of Noones App, posted on X: "Malicious exchanges are exploiting users through perpetual contracts, while Pump.fun has drained the vitality of DeFi, which is ruining crypto. Newcomers enter and are then harvested, never to return."