logo

IOSG Founding Partner: The Pump.fun public sale seems more like the team seeking liquidity exit, with the project and market fundamentals unable to support the inflated valuation.

By: theblockbeats.news|2025/07/10 09:16:56
0
Share
copy

BlockBeats News, July 10th, IOSG Founding Partner Jocy posted on social media, stating that he believes this Pump.fun public sale is more like using participants as exit liquidity, constituting a highly speculative gamble.

Jocy stated that since its launch in early 2024, Pump.fun has experienced explosive growth, with a cumulative protocol revenue of about $7 billion, becoming one of the most profitable projects in the cryptocurrency field. However, Pump.fun's daily revenue has dropped by 92% from its peak, currently standing at only about $500,000. The project's market cap has plummeted from tens of millions of dollars in the past to a rock-bottom $50,000 to $100,000. Its market share has also been surpassed by a competitor, LetsBonk (with a 51% share), causing Pump.fun to fall to 39.9%.

From a tokenomics and risk exposure perspective, this ICO round targeted retail investors (15%) and institutions (18%), selling a total of 33% of the tokens, corresponding to a funding amount of $1.32 billion. Considering past fee revenues, the http://Pump.fun team will hold nearly $2 billion in cash. This poses an extremely unfriendly risk exposure to public investors:

· Lack of transparent governance structure: Decision-making process is a mystery

· Team/Investor release terms are opaque

· Overvalued financing has overdrawn future growth potential

Jocy stated that he believes the Pump.fun team has neither the intention nor the ability to "pump" or "control" the price. They have already amassed a huge fortune through fees, and this ICO is more like a final "value realization" (Exit Liquidity). In the current market environment with severely insufficient buying pressure, such a high valuation simply cannot be sustained. This is completely different from Hyperliquid's valuation support logic. Jocy believes that this market public fundraising is a highly speculative gamble, not a fundamental investment. The funds invested should be risk capital that can be completely lost. The market's enthusiasm for meme launch platforms and shitcoins has shown signs of fatigue. Investors are advised to wait for the token to trade on the open market for a week before making a decision, observing the true market response.

-- Price

--

You may also like

2% user contribution, 90% trading volume: The real picture of Polymarket

Is Polymarket a battleground for retail investors or an arena for institutions?

Trump Can't Take It Anymore, 5 Signals of the US-Iran Ceasefire

From Oil Prices and Elections to Secret Negotiations, Are the US and Iran Really Heading for a Ceasefire?

Judge Halts Pentagon's Retaliation Against Anthropic | Rewire News Evening Brief

The "Orwellian" Term Stymies Pentagon's Supply Chain Risk Label for Anthropic

Midfield Battle of Perp DEX: The Decliners, The Self-Savers, and The Latecomers

Hyperliquid has captured this wave of geopolitical market trends with commodity contracts. Decentralized exchanges are moving from internal competition within the crypto industry to a genuine alternative to traditional financial infrastructure, and this direction has only just begun.

Iran War Stalemate: What Signal Should the Market Follow?

Watch the Bond Market

Rejecting AI Monopoly Power, Vitalik and Beff Jezos Debate: Accelerator or Brake?

Can technological advancement be guided, or has it already gone beyond our control?

Popular coins

Latest Crypto News

04:42

Data: 473.87 BTC transferred from an anonymous address, then transferred to another anonymous address after a relay

According to Arkham data, at 03:46, 473.87 BTC (worth approximately 31.24 million USD) was transferred from one anonymous address (starting with 3FsA6q...) to another anonymous address (starting with 1NUc4o...).
04:42

Data: A total of 12,200 ETH was transferred from an anonymous address, worth approximately 24.16 million USD

According to Arkham data, between 03:56 and 03:58, an anonymous address (starting with 0xF08b...) transferred three large ETH transactions to another anonymous address (starting with 0x44ba...), totaling 12,152.83 ETH (with a total value of approximately 24.16 million USD).At 03:56, 4,050.94 ETH (wo...
04:42

Data: In the past 24 hours, the total liquidation across the network was 459 million USD, with long positions liquidated at 397 million USD and short positions liquidated at 62.4771 million USD

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $459 million, with long positions liquidated at $397 million and short positions liquidated at $62.4771 million. Among them, Bitcoin long positions were liquidated at $173 million, Bitcoin short positions...
04:42

Data: 110.56 BTC transferred from Coinbase, worth approximately 6.46 million USD

According to Arkham data, at 03:59, 110.56 BTC (worth approximately 6.46 million USD) was transferred from Coinbase to Jump Crypto.
04:42

The Dow Jones Index closed down 792.67 points, with both the S&P 500 and Nasdaq also declining

According to Jinshi reports, the Dow Jones Index closed down 792.67 points on March 27 (Friday), a decrease of 1.72%, at 45,167.44 points; the S&P 500 Index closed down 108.31 points, a decrease of 1.67%, at 6,368.85 points; the Nasdaq Composite Index closed down 459.72 points, a decrease of 2.15%, ...
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com