#MemecoinSentiment Here’s the latest sentiment around memecoins following the Pump.fun ICO launch:
1. 🚀 Major Fundraise: The $PUMP ICO sold out in roughly 12 minutes, raising an estimated $500M–$600M for around 33% of the total token supply.
2. Bullish Signals Early: Futures trading hit ~$346M in volume, with prices averaging 30% above the ICO price—showing strong long interest.
3. Cautious Optimism: Prediction markets gave a ~70% chance of a quick sell-out. Analysts point to vesting cliffs and lockups that reduce immediate dump pressure.
4. Community Concerns: Critics highlight risks like insider allocations, potential rug pulls, and looming regulatory scrutiny—especially in a saturated memecoin space.
5. Macro View: Many experts still view memecoins as tools for pump-and-dump schemes—engineered more for insider profit than long-term value.
#MemecoinSentiment #USCryptoWeek #Write2Earn #BinanceTurns8
