Curve Finance founder Michael Egorov has taken a swipe at Solana-based Pump.enjoyable and criticized the platform’s position within the meme coin market.
His feedback add to the scrutiny Pump.enjoyable has confronted because it has grown into one of many largest venues for launching new meme cash.
Token Failures and Controversies
Egorov criticized Pump.enjoyable and referred to as it “a on line casino of scams referred to as meme cash.” ClawPump co-founder Tomas Oliver, nevertheless, pushed again and asserted that the platform merely supplies a service and customers select easy methods to use it. Oliver added that meme coin exercise would exist elsewhere if Pump.enjoyable didn’t dominate the market.
The Solana-based launchpad has confronted controversy earlier than, notably over the best way its platform has been used.
In November 2024, its livestream function drew heavy backlash after customers started utilizing it for excessive and disturbing stunts linked to their token costs. Some streams concerned threats of self-harm, violence, and hurt to relations. In a single case, a consumer threatened to finish their life if a token failed to achieve a $25 million market cap. One other incident reportedly concerned a pair utilizing their little one as a part of a marketing campaign to spice up a token.
The backlash led Pump.enjoyable to halt livestreams. The function returned in April 2025, however with stricter moderation guidelines.
It additionally confronted authorized stress throughout this era. A proposed class-action lawsuit accused Pump.enjoyable of providing unregistered securities and alleged that it had collected practically $500 million in charges. The case was introduced by a dealer who mentioned he misplaced cash on three tokens – FWOG, FRED, and GRIFFAIN.
Development Paradox
Issues over the tokens themselves have additionally continued. A Might 2025 report from blockchain analytics agency Solidus Labs discovered that 98.6% of Pump.enjoyable tokens it analyzed confirmed traits of pump-and-dump schemes or rug pulls. Extra not too long ago, a CoinGecko evaluation of 18.67 million tokens discovered that greater than 68% recorded their last commerce on the identical day they launched. Solely 4.55% remained energetic for greater than 90 days.
Regardless of this, the platform has additionally turn out to be a serious income on Solana. The truth is, it was amongst seven Solana functions that generated greater than $100 million in income in 2025. Based on the newest e-newsletter by pseudonymous Pump.enjoyable co-founder Sapijiju, the launchpad surpassed Hyperliquid in income measured over 30 days.
The publish Pump.enjoyable Beneath Hearth Once more: Curve Finance Founder Calls It a ‘On line casino’ for Meme Cash appeared first on CryptoPotato.