PumpFun has, in my opinion, done real damage to the crypto space, turning altcoin investors into full-blown memecoin gamblers. It’s extracted millions of dollars from retail, most of whom ended up as exit liquidity and lost money.

And now they’re planning to raise $1 billion at a $4B valuation? Insane.

Sorry meme fans, but this is just the truth. I’ve been vocal about this since last year.