I talked about this in February,

the issuance of tokens by pf is a turning point in pf's decline.

Looking at it today,

the news of pf issuing tokens itself is an event in pf's decline,

besides the so-called "class action lawsuit", have you thought about the deeper reasons?

From my perspective, there are the following points:

1. Pf's vision caters to the market, opposing VC, anyone can issue tokens, right? But who would have thought that pf became the dragon-slaying youth, turning into a dragon that is even worse than VC.

2. I mentioned before that pf's product thinking and strategy are top-notch in the industry; the fact that "even dogs can issue tokens" has completely broken the "supply and demand relationship" of tokens. After pf started to decline from its peak, it immediately began a token fundraising plan, which I believe was inspired by Opensea's past experiences. Don't forget that if Opensea had issued tokens at its peak, raising several billion dollars would have been very easy.

To sum up, what is pumpfun's behavior in the crypto circle like? It's like eating all the delicious food on the table and then flipping the table; what are you leaving for others?

As for whether pumpfun can continue fundraising this time, and how much it can raise, you can think for yourselves; I don't know.