Although everyone thinks that pumpfun's token issuance is like Monkey Land, my personal experience is that the market sentiment is a world apart.

Monkey Land's launch was at the peak of the NFT frenzy, when the faith in the metaverse was at its strongest. @yugalabs was the industry benchmark at that time, and BAYC was the spiritual totem breaking the dimensional wall between Web3 and Web2. Even listed companies were signing agreements to rent their image from holders in that era.

The effects of sudden wealth + celebrity influence + the dream of breaking barriers + grand narratives created the terrifying frenzy of Monkey Land back then.

Does Pumpfun have this qualification? The biggest tumor on Solana has long been a consensus, constantly draining resources, making it generally unpopular from Solana officials to Sol holders. It's no wonder that a bunch of platforms have come out to besiege it.

Besides currently being the number one meme launcher, there’s nothing to brag about in terms of data trends and narratives. The only interest I might have in such a project is to find a suitable position to short it; I wouldn’t even want to touch the token.

Ask yourself:

With a valuation of 4-5 billion, why would you want to join the fun for something so disliked? Not only is there private placement ahead, but everything is in full circulation. Is the risk-reward ratio worth it?

In short:

There will be liquidity extraction, which may impact the market, but the number of participating players and funds won’t be too many. I believe the draining effect is far less than that of Monkey Land and the $Trump token.

The assets on the Solana chain will be more affected, but there shouldn't be much of a problem on BSC; they can play their own game.