The explosive $600M raise by Pump.fun in just 12 minutes highlights the undeniable strength of memecoin sentiment in today’s market. Despite skepticism around their long-term utility, memecoins are riding a wave of community-driven hype, FOMO, and speculative momentum. The $4B fully diluted valuation—based on just 15% of supply—shows that investors are still willing to bet big on narrative and virality over fundamentals.
This trend reflects a broader shift: crypto users are increasingly treating memecoins as high-risk, high-reward plays, similar to early-stage venture bets. While some see it as a bubble, others see a new model for bootstrapping attention and liquidity.
