đ Whatâs Going On with the PUMP Token?
The new PUMP token, launched by Pump.fun on Solana, raised a massive $500 million in minutes. Itâs built for meme coin creation, and hype sent its price 40% above launch within hours.
But hereâs the catch...
â ď¸ The Risks
Legal trouble: Pump.fun is facing lawsuits and SEC heatâaccused of being a pyramid scheme.
Bot-driven trades: Most coins launched on the platform are created and pumped by bots.
Rug pull potential: Nearly all tokens from the platform show dump patterns.
đŻ Should You Jump In?
Only if youâre in it for fast trades and high risk. PUMP might pump hardâbut it could dump even harder. If you play, have a tight exit plan and donât bet what you canât afford to lose.