Did Pump.fun cause the altcoin season to not come? The founder argued that the value of most altcoins is no different from that of meme coins, and the key is to let users make money.

The Solana ecological meme coinissuance platform Pump.fun has recently been accused of making meme coin easier to issuance, which is the main cause of the AltCoin market crash, but Pump.fun co-founder Alon Cohen refuted, saying that most AltCoin is similar to meme coin, but VCs often use retail investor as an exit from Liquidity. (Synopsis: The altcoin season ended as early as 2024? Analyst: BTC dominates 71% before it returns again) (Background supplement: What does the performance of Bull MarketAltCoin bring us in the first few rounds of the overturn? AltCoin has not performed well in this market cycle, and a tweet recently hinted that the Solana ecological meme coinissuance platform Pump.fun was born last year, disrupting the AltCoin market cycle, Pump.fun causing funds to shift from AltCoin to on-chain meme, which is the main reason for the AltCoin market crash. However, in response to the above claims, Pump.fun co-founder Alon Cohen issued an article to refute it. I highly doubt this guy is posting in good faith but I’ll respond to this anyway since there seems to be a lot of confusion first of all, pump fun launched in January 2024, not April second, pump fun is just a product. It’s a reflection of market demand. If pump fun didn't... — alon (@a1lon9) February 3, 2025 Pump.fun is AltCoin to blame? In response to the tweet's mention that the April 2024 AltCoin crash was caused by the launch of the Pump.fun, Alon Cohen countered that the Pump.fun was launched months before the AltCoin market began to fall in April 2024 and was not the main cause of the AltCoin market crash. And Alon Cohen explained that Pump.fun is just a product that reflects market demand, if the platform does not exist, other similar products will appear on the market, making it easier for people to issuance meme coin, which is exactly what the market needs, and at the same time no one forces users to buy meme coin, before the emergence of Pump.fun, meme coin has long been very popular: When Pump.fun was launched, it was completely based on market demand naturally rise. No KOL collects money to promote the platform, and people use Pump.fun simply because its product experience is far superior to other options on the market. According to Alon Cohen, most ordinary people with day-to-day jobs don't care about technology at all, they care more about personal satisfaction, in other words, these investors want to make a small profit in trading and enjoy it at the same time, rather than simply pursuing technological innovation. Alon Cohen believes that the value proposition of most technical AltCoin is similar to that of meme coins, the only difference being that these tokens have a lower circulating supply, a very high Fully Diluted Valuation (FDV), and are backed by VCs. Exit Liquidity", that is, they dump assets when the price of the coin is high, resulting in a huge risk for the retail investor: In fact, the encryption coin market is maturing, investors are becoming more cautious and know how to pick the right investment targets, I understand that people want to find a culprit to rationalize the current market situation, but the truth is that there is no specific person or product to blame for this market crash. In the last market cycle, retail investors have been hurt too deeply that they will not easily return to the so-called "financial future". In any case, the debate highlights the tension that exists within the encryption community, between investors applying follow technology on the one hand and purely price speculators on the other, who are not concerned with actual use cases, but with the profit opportunities that price fluctuations bring. Related reports Etherfang altcoin season is coming? BTC market share declines, ETH/BTCRebound hits a new weekly high BTC drops slightly altcoin but flash crash, is Bull Market still there? How to Avoid Losing Money in the AltCoin Season: 10 Fatal Mistakes and Strategies to Deal with Them "Altcoin Season Didn't Pump.fun Hurt? The founder retorted: Most AltCoin values are no different from meme coins, and who makes users make money is the key" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".