#MemecoinSentiment
Here’s the recent memecoin sentiment amid the recent Pump.fun ICO launch:
1. 🚀 Massive raise: Pump.fun’s $PUMP ICO sold out in 12 minutes, raising between $500 M–$600 M for 33% of total supply .
2. Bullish pre‑market: Derivatives saw $346 M in futures volume, trading 30% above ICO price strong long side sentiment .
3. Cautious optimism: Prediction markets showed 70% chance of early sell-out and analysts note incentives (cliffs, lockups) that slightly dampen dump risk.
4. Skepticism in community: Critics warn of insider heavy caps, potential extraction/rug‑pulls, and regulatory risks amid memecoin saturation .
5. Wider sentiment: Experts warn memecoins often embody pump‑and‑dump cycles consciously bullshit benefiting insiders over retail.