Part 5/8:
Although this normalization of token creation is lauded for democratizing access to blockchain technology, it has also raised alarms regarding the quality and intent behind this influx. For instance, only a mere 1.4% of tokens developed on pump.fun graduate to trading on decentralized exchanges. The rest tend to fade quickly, often resulting in lost investments for speculators.
Pump.fun’s functionality and the reckless behaviors that emerged alongside it have also led to sensationalized and disturbing content in an effort to promote these forgettable tokens, drawing negative attention around the entire ecosphere. Some users even resorted to harebrained stunts to elevate the visibility of their memecoins, blurring the lines between genuine investment and spectacle.