What do you think about Pump.fun token?

[sergiorus]

they put $20 million a month into buybacks. it comes from revenue and it is almost 50% of what Hyperliquid allocates to buybacks. Yet the FDV is many times lower, than HL's.

This is the number most people in this thread are ignoring. The platform generates real revenue and allocates a significant portion to buybacks. That is not typical shitcoin behavior.

The problem is the regulatory overhang. Pump.fun has been under scrutiny for enabling scam tokens at scale and that risk is priced into the token whether people admit it or not. Strong fundamentals, but a platform that regulators are watching closely is a different kind of risk than pure speculation.

I still think it's just the market conditions that make everyone ignore any fundamental metrics.

Pancakeswap allocates $2m from revenue into buying and burning its CAKE token every month. Sure it's 10 times less than what Pump.fun does, but the FDV is also 4 times lower and there's no selling pressure from investors or the team anymore.
Yet the token doesn't grow at all either.

Many things are just awfully mispriced.

[BitBrainers]

I still think it's just the market conditions that make everyone ignore any fundamental metrics. Pancakeswap allocates $2m from revenue into buying and burning its CAKE token every month. Sure it's 10 times less than what Pump.fun does, but the FDV is also 4 times lower and there's no selling pressure from investors or the team anymore. Yet the token doesn't grow at all either. Many things are just awfully mispriced.

Fair point on PancakeSwap. The mispricing argument holds when you look at buyback yield relative to FDV across the board. The market is either ignoring fundamentals entirely or pricing in regulatory risk so heavily it overwhelms everything else. Probably both.

[ultrloa]

Not surprising to see that stats, since the platform itself is full of scams. So no wonder that their issued token will be turn as bad as that.

The platform itself is not scam, but the ease and simplicity of creating millions of tokens has made most of them worthless. It has also made it easy for scammers to create hundreds of tokens without paying much. In fact, after the emergence of pump.fun, anyone can create a token without any programming background; they just need to pump that token.

Right and indeed the platform itself is not a scam, but the idea of anyone can launch their own token in that platform and their model flood the market with lots of shitcoin and scam tokens make them not good.

Those convenience of simplicity of their platform what has been exploited by lots of scammers. Lots of them can launch lots of tokens for cheaper or almost zero cost, then tried to pump it and worst scenario they vanish. So while they tried to make everything easy to their users, the quality of their platform became not good to. Lots of rug pulls happening there.