pump.fun联创: Most alts and memes have the same function

BlockBeats news, on February 10th, Alon Cohen, co-founder of pump.fun, stated that most tech-based AltCoins and Meme coins have similar value propositions, but they usually have a lower Circulating Supply, excessively diluted Fully Diluted Valuation (FDV), and involve Venture Capital (VC) institutions, which often rely on retail investors as liquidity providers. Cohen was responding to a tweet that implied the issuance of Meme coins on the pump.fun platform disrupted the price cycle of AltCoin market. Cohen countered by saying that pump.fun had already existed before the AltCoin market downturn in April 2024. He further explained the reasons for the collapse of the AltCoin market in April 2024: ‘In the previous cycle, retail investors suffered heavy losses and they won’t easily come back to invest in the so-called ‘future of finance’.’ Cohen believes that ‘most working people don’t care about the technology, they care more about personal satisfaction.’ They hope to make some money in trading while enjoying the fun. This discussion on social media highlights the growing contradiction between AltCoin investors who focus on technical utility and traders who purely speculate and ignore actual use cases.