PANews reported on July 9th that according to The Block, on Monday, Pump.fun claimed plans to sell 150 billion PUMP tokens to raise $600 million, which drew criticism, and the listing information from Gate exchange mysteriously disappeared, with many crypto advocates believing this has a negative impact. The Block's research director Steven Zheng stated: "Some users are surprised by Pump's token sale, as they originally expected a large-scale airdrop like Hyperliquid. Although an airdrop is still possible, Pump's plan to raise an additional $600 million through token sales after already raising $700 million through other means will certainly leave a negative impression."
SPACE ID's marketing director Alice Shikova said that with the current meme coin fever subsiding, Pump.fun's token sale demand may be lower than expected. Despite its brand advantage, the move carries risks due to insufficient demand and liquidity. Crypto researcher @0xCabana posted: "Pump.fun issuing tokens is like a corrupt president running for election and promising not to embezzle this time." Noones App CEO Ray Youssef posted on X: "Unscrupulous exchanges exploit users through perpetual contracts, while Pump.fun has drained DeFi's vitality, destroying cryptocurrency. Newcomers are cut down and then disappear forever."
