Many people say that native dogs are risky, Pixiu, conspiracies, various pouring, but the specific risks may not have a clear understanding.
Let's put it this way, the Pump platform's revenue in 2024 is 1 billion dollars. Only 0.4% of the wallets playing memes on it are profitable; you read that right, not even one person out of 100, and many of these profitable wallets are also KOLs who exploit fan liquidity.
Now the official Pump Fun Twitter @pumpdotfun and its founder @a1lon9 are facing accusations of "excessive liquidity extraction," leading to a Twitter ban.
SOL's manipulation and fraud were confirmed a few months ago, and now this incident has emerged, which will definitely impact the coin price, but some say SOL might drop to 100 because of it? That's impossible, the influence of the other three launch platforms is too low, and at the beginning of the year, cz was calling for BSC chain, and now it's just chaos, while the market has a hard demand for memes, or rather, the general public's demand to access the primary market is still here.
On the contrary, stabilizing after a drop is a good time to buy.