#迷因币情绪 Recently, Pump.fun, a memecoin issuing platform, completed its ICO financing at an astonishing speed, successfully raising $600 million in funds in just 12 minutes, setting a new record for financing in this field. The tokens issued this time account for about 15% of the total, and based on this calculation, the fully diluted valuation of the project has reached $4 billion. This phenomenal financing event once again confirms the cryptocurrency market's craze for memecoins, although the industry's controversy over its long-term value and sustainability has never stopped. Analysts pointed out that such a rapid financing performance not only reflects the current abundance of market liquidity, but also highlights investors' speculative enthusiasm for high-risk and high-return projects. It is worth noting that against the backdrop of the overall recovery of the cryptocurrency market, high-volatility assets such as memecoins are attracting a large amount of funds seeking short-term excess returns. This event also provides a new typical case for observing the behavior and risk preferences of investors in the cryptocurrency market.