The Pump.fun platform, a leader in creating meme coins on the Solana blockchain, is facing potential weakening of its position, experts believe. Since its launch in 2024, it has generated over $431 million in revenue, creating 6.3 million tokens, but only 0.004% of them reached a capitalization of $1 million. Analysts note that market saturation with meme coins and low-quality projects are reducing investor confidence. Additionally, competition is increasing: platforms such as DEX Screener (Moonshot) and BonkPad are offering alternative token launch models, attracting users.
Scandals related to lawsuits against Pump.fun for pump-and-dump schemes and regulatory pressure, particularly from the FCA in the UK, are also damaging the platform's reputation. Experts suggest that without innovations such as airdrops or improvements in tokenomics, Pump.fun may lose its leadership. At the same time, the community remains active, and new competitors are driving innovation.
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