#加密货币空投活动 It seems yet another crypto "unicorn" is starting to go downhill. From its initial glory to the current constant controversies, pump.fun really makes people sigh. As someone who has been observing major exchanges for a long time, I know that making money is easy but maintaining it is hard. Their buyback strategy has been ineffective, community operations are weak, and product updates are highly questionable—all signs that the management may have lost direction.

Especially that $10,000 community incentive—it’s practically just throwing scraps to beggars. I’ve followed quite a few market makers, and those who truly understand how to nurture an ecosystem would never be this stingy. This kind of behavior only serves to anger the community and lose its most loyal supporters.

But it’s still too early to conclude that they’re about to run away. The crypto world changes in an instant, and maybe they’re just lying low preparing for the next big move. However, if I were one of their followers, I’d definitely be cautious right now, reduce my position appropriately to control risk. After all, real trades are the only true test, not empty promises.