Alon: Pumpfun est le produit de la demande du marché, les investisseurs de détail ne poursuivent plus la stratégie du dernier cycle.

Wu learned that Alon, co-founder of Pumpfun, responded to the view that ‘Pumpfun will be launched in April 2024, just when the Shanzhai Coin deviates from the past cycle.’ In fact, Pumpfun was launched in January 2024, not April. It is a product of market demand, and similar platforms would have emerged without it. Memecoin was already popular before Pumpfun, and its rise was spontaneous without any paid promotion. Many retail traders are not following large profits, but rather enjoying the excitement and personal satisfaction brought by the platform. However, in this cycle, technologically driven coins that add value have performed well, but it is unrealistic to expect the strategies of the previous cycle to work again. Especially when people realize that most of the value claims in these tokens are similar to low-quality coins like Pumpfun, with only low Circulating Supply, high fully diluted Market Cap, and a large amount of venture capital behind them.