pump.fun联创: retail investor choose memes to make money while enjoying the fun, and do not care about the technology

Odaily Planet Daily News, pump.fun co-founder Alon Cohen said that most tech-oriented altcoins have the same value proposition as Meme coin, with low Circulating Supply, high FDV, and VC participation. They are notorious for using retail investors as the exit Liquidity. Cohen responded to a post implying that the platform has disrupted the price cycle of meme coins, and stated that pump.fun has been experiencing a downturn in the meme coin field since several months before April 2024. "Retail investors suffered too much losses in the last cycle to come back and invest in the 'future of finance'," Cohen wrote, explaining the altcoin crash in April 2024. Cohen said, "Most people with day jobs don't care about technology, they care about personal achievement," and they hope to make a decent amount of money in trading while having fun. Social media exchanges have highlighted the increasingly tense relationship between pragmatic tech-savvy meme coin investors and speculative traders who speculate on asset prices without verified use cases.