PUMP Post-Mortem: The Inside Story of pump.fun’s Explosive ICO

When pump.fun launched its ICO, the crypto world braced for another moonshot—or a spectacular crash. Here's how it played out.

The Hype Machine Cranked Up

From day one, pump.fun's token sale had all the hallmarks of a DeFi darling: viral marketing, influencer shills, and that sweet, sweet fear of missing out. The project promised to revolutionize meme coin launches, and retail investors piled in like it was a Black Friday sale on volatility.

Anatomy of a Pump (and Maybe a Dump)

The tokenomics raised eyebrows—locked liquidity, aggressive burns, and a team allocation that somehow always 'vests later.' Sound familiar? Yet the price action didn't disappoint, at least initially. Early buyers rode the wave straight past sane valuations.

After the Dust Settles

Now the real test begins. Can pump.fun deliver utility beyond the speculative frenzy, or will it join the graveyard of 'vaporware with great marketing'? In crypto, even the most cynical bets sometimes pay off—until they don't.