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\n\t\t\t\t\t\t\t\t\tPump.fun’s rapid growth has brought massive revenue, but questions over token quality and platform behavior continue to follow the launchpad.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Curve Finance founder Michael Egorov has taken a swipe at Solana-based Pump.fun and criticized the platform\u2019s role in the meme coin market.<\/p>\n
His comments add to the scrutiny Pump.fun has faced as it has grown into one of the biggest venues for launching new meme coins.<\/p>\n
Egorov criticized<\/a> Pump.fun and called it \u201ca casino of scams called meme coins.\u201d ClawPump co-founder Tomas Oliver, however, pushed back and asserted that the platform simply provides a service and users choose how to use it. Oliver added that meme coin activity would exist elsewhere if Pump.fun did not dominate the market.<\/p>\n The Solana-based launchpad has faced controversy before, particularly over the way its platform has been used.<\/p>\n In November 2024, its livestream feature drew heavy backlash after users began using it for extreme and disturbing stunts linked to their token prices. Some streams involved<\/a> threats of self-harm, violence, and harm to family members. In one case, a user threatened to end their life if a token failed to reach a $25 million market cap. Another incident reportedly involved a couple using their child as part of a campaign to boost a token.<\/p>\n The backlash led Pump.fun to halt<\/a> livestreams. The feature returned in April 2025, but with stricter moderation rules.<\/p>\n It also faced legal pressure during this period. A proposed class-action lawsuit accused<\/a> Pump.fun of offering unregistered securities and alleged that it had collected nearly $500 million in fees. The case was brought by a trader who said he lost money on three tokens \u2013 FWOG, FRED, and GRIFFAIN.<\/p>\n Concerns over the tokens themselves have also continued. A May 2025 report from blockchain analytics firm Solidus Labs found<\/a> that 98.6% of Pump.fun tokens it analyzed showed characteristics of pump-and-dump schemes or rug pulls. More recently, a CoinGecko analysis of 18.67 million tokens found<\/a> that more than 68% recorded their final trade on the same day they launched. Only 4.55% remained active for more than 90 days.<\/p>\n Despite this, the platform has also become a major source of revenue on Solana. In fact, it was among seven Solana applications that generated<\/a> more than $100 million in revenue in 2025. According to the latest newsletter by pseudonymous Pump.fun co-founder Sapijiju, the launchpad surpassed<\/a> Hyperliquid in revenue measured over 30 days.<\/p>\nYou may also like:<\/h3>\n
Growth Paradox<\/h2>\n