← Back to Home
Pump.fun
KangBokSoon✳️'s review for Pump.fun
Score: 642
NEGATIVE

"Projects requiring minimal protective measures"

According to a report by Solidus Labs, rug pull behavior was observed in 98.6% of tokens within the platform. It's a meme coin casino created using users, with structural limitations preventing institutional investors from ever including it in their portfolios. The protocol generates revenue, but the ecosystem users are exploited. (https://www.soliduslabs.com/reports/solana-rug-pulls-pump-dumps-crypto-compliance) Pump.fun advertises daily buybacks with 99.5% of its revenue, but in reality, wallets associated with the platform are dumping tokens onto the market. Evidence shows the 'Token Custodian Wallet' (77DsB) received 3.75 billion PUMP and cashed out approximately 8.02 million USDC (https://www.thecoinrepublic.com/2026/02/24/pump-fun-wallets-dump-10m-in-tokens-as-buybacks-fail-to-stop-price-drop/) Even at $0.002, half the private round price of $0.004, at least $14 million was leaked to exchanges in just one month. While the community was given hope through buybacks, insiders were continuously exiting behind the scenes. Co-founder Dylan has a history of rug pulls dating back to 2017. There are abnormal BubbleMaps on-chain results related to the allocation of a $50 million private sale. (https://finance.yahoo.com/news/trump-coin-insider-hayden-davis-181637553.html)

47 upvotes
March 18, 2026

Comments

No comments