According to the external media review, the founder of Curve Finance, Michael Egorov, recently criticized Pump.fun and Phantom wallets in Solana ecology as being like “the sham casino” and the latter as not as good as MetaMask in terms of hardware wallet connections. The controversy spread rapidly to the quality of applications, user protection and platform responsibilities of the Solana ecology.
Pump.fun has been named and criticized.
According to Egorov, Pump.fun has generated a large number of highly speculative and possibly fraudulent tokens. At the same time, he said that, while ecological support was strong, some head applications did not reflect the same level of bottom networks.
Supporters emphasize "tool neutrality."
The co-founder of ClawPump, Tomi204, then countered that Pump.fun was simply providing infrastructure and that it was for the market to decide how users would use it. He added that the memecoin transaction itself had real needs that could not be simply ignored, and that Phantom was better suited to the move-end and Web3 scenarios for ordinary users.
Income and legal pressure
Despite the controversy, Pump.fun's trade heat remains high. The report cites data that the platform has earned about $12 million a week and has accumulated over $1.2 billion since the beginning of 2024, with revenue sources including currency transaction fees, graduation fees and PumpSwap.
Additional information:The article also mentioned that Pump.fun was facing class action and federal extortion charges, and that there were reports of internal chat recording of leaks and the extraction of mobility by MEV robots.