Deep潮 TechFlow news, July 10, IOSG Ventures partner jocy pointed out that while Pump.fun once achieved a remarkable $700 million in protocol revenue, recent data shows its daily revenue has plummeted by 92%, and its market share has dropped to 39.9%, surpassed by competitor LetsBonk. Analysis indicates that the ICO, valued at $4 billion, has serious issues: opaque governance structure, unclear team release terms, and overextension of valuation during the altcoin downturn.
The team has gained enormous wealth through transaction fees, and this ICO seems more like an 'exit liquidity' rather than a long-term development plan. It is advised for investors:
Consider this as highly speculative gambling, not fundamental investment
Patiently wait to make a decision one week after the token launch
Adopt a phased participation strategy to reduce risk exposure
