I see a lot of people criticize the pump fun raise because they generated 700m since launch; but lets look at it from their point of view.

If https://t.co/YPP71KlvjE is extremely lean and cash-rich, the $1B raise is basically a strategic dominance play. They have competitors so they're locking in power, reputation, investor alignment and long-term optionality while the market allows it.

Think of it like this:

They don’t need to raise, which is exactly why now is the best time to do it.