Bitmart，Pump.Fun和Token的未來發布：Crypto的紐約分鐘

pump.fun的代幣發射面臨持懷疑態度，因為Binance以其粘結曲線啟發的新模型創新。這是Bitmart和代幣啟動的下一個演變嗎？

Hold onto your hats, crypto enthusiasts! The wild world of meme tokens and decentralized finance never sleeps. BitMart Research has dropped some truth bombs about Pump.fun, while Binance is stepping up its game. Let's dive into the latest buzz around BitMart, Pump.fun, and the evolving landscape of token launches.

抓住您的帽子，加密愛好者！模因令牌和分散財務的野生世界永遠不會入睡。 Bitmart的研究已經拋棄了一些關於泵的真相炸彈。 FUN，而Binance正在加強遊戲。讓我們深入了解Bitmart，Pump.Fun和代幣發射的不斷發展的景觀的最新嗡嗡聲。

Pump.fun's $4 Billion Gamble: Skepticism Abounds

泵。 Fun的40億美元賭博：懷疑論比比皆是

Pump.fun, once the undisputed king of Solana meme token launches, is facing some serious side-eye. According to a BitMart Research report from July 14, 2025, the platform's recent token launch, PUMP, has investors scratching their heads. The main concern? A whopping $4 billion valuation for a token that offers absolutely zero governance, utility, or fee-sharing. Ouch!

Pump.Fun曾經是無可爭議的Solana Meme代幣發射的國王，正面臨著嚴重的側眼。根據2025年7月14日的Bitmart研究報告，該平台最近的令牌發布會引起了投資者的頭腦。主要問題？對於提供絕對零治理，公用事業或收費分配的代幣的估值高達40億美元。哎喲!

Critics are whispering that this might be more of a liquidity grab than a genuine long-term strategy. With a fully unlocked $1.32 billion fundraising tranche, the potential for a massive sell-off looms large. Competitors like letsbonk.fun are nipping at Pump.fun's heels, and user sentiment is wavering. Is the king about to lose its crown?

批評家竊竊私語，認為這可能更多是一種流動性，而不是真正的長期戰略。有了完全解鎖的13.2億美元的籌款活動，大規模售罄的潛力迫在眉睫。像letsbonk.fun這樣的競爭對手在泵。國王即將失去王冠嗎？

Tokenomics Under the Microscope

顯微鏡下的象徵學

Let's break down the PUMP tokenomics. A total supply of 1 trillion tokens, with 33% earmarked for fundraising at $0.004 each. All these tokens were unlocked at launch, creating that aforementioned sell pressure cooker. While PUMP briefly traded above the sale price, the lack of intrinsic value is a major red flag.

讓我們分解泵令牌。總供應量為1萬億個代幣，33％的籌款費用為$ 0.004。所有這些令牌在發佈時都被解鎖，創建了上述賣出壓力鍋。雖然泵短暫地以高於銷售價格的價格進行交易，但缺乏內在價值是一個主要的危險信號。

In contrast, competitors like letsbonk.fun and Jupiter Studio are building more robust token models. BONK, for example, integrates deflationary mechanisms and liquidity injections, while JUP offers staking rewards and governance rights. These tokens offer real utility and incentives for long-term holding, something PUMP sorely lacks.

相比之下，像Letsbonk.Fun和Jupiter Studio這樣的競爭對手正在建立更強大的令牌模型。例如，BONK整合了通縮機制和流動性注射，而JUP則提供了獎勵和治理權利。這些令牌提供了真正的實用性和長期持有的激勵措施，這是非常缺乏的。

Binance Enters the Fray with a Pump.fun-Inspired Model

Binance用泵進入競爭。 FUN風格的型號

Speaking of shaking things up, Binance is throwing its hat into the ring with a new token launch model inspired by Pump.fun's bonding curve. Launching on July 15, 2025, within the Binance Wallet, this model aims to revolutionize token distribution using real-time bonding curve pricing. Users can participate by holding Binance Alpha Points and BNB.

說到搖晃事情，Binance通過靈感來自Pump.Fun的粘結曲線的新令牌發射模型將其帽子扔到了戒指上。該模型於2025年7月15日推出，該模型旨在使用實時粘結曲線定價徹底改變令牌分佈。用戶可以通過持有Binance Alpha點和BNB來參與。

The key here is the dynamic pricing. As more people buy tokens, the price goes up. Early birds get the worm (or, in this case, cheaper tokens). This model also includes non-transferable tokens during the sale, an early exit option, and a collaboration with Four.Meme, a leading meme token launchpad on BNB Chain. Binance is clearly looking to steal some of Pump.fun's thunder.

這裡的關鍵是動態定價。隨著越來越多的人購買代幣，價格上漲。早起的鳥類會蠕蟲（或者在這種情況下是便宜的令牌）。該模型還包括在銷售期間不可轉移的代幣，提前退出選項，以及與BNB鏈上領先的Meme Token Launchpad的Four.meme合作。 Binance顯然希望偷一些泵。

A Researcher's $58,000 Oops Moment

研究人員的$ 58,000糟糕時刻

Now, for a bit of comic relief. A blockchain researcher, Chang Min Yu, accidentally burned approximately $58,000 worth of PUMP tokens. While clearing out his wallet, he mistook his PUMP tokens for spam and torched them. Talk about a facepalm moment!

現在，有點漫畫。一個區塊鏈的研究人員張明（Chang Min Yu）意外燒毀了價值約58,000美元的泵代幣。在清理錢包的同時，他將泵令牌誤認為是垃圾郵件，然後將其炸毀。談論面孔時刻！

But here's the kicker: Min Yu isn't even mad. He's taking it all in stride, focusing on what he can control. He even joked about launching a "Fuck Pump" meme coin to recoup his losses. That's the spirit!

但這是踢球者：敏（Min Yu）甚至都不生氣。他大步向前邁出了一切，重點是他可以控制的東西。他甚至開玩笑說發射“他媽的泵”模因硬幣以彌補自己的損失。那就是精神！

The Bottom Line

底線

Pump.fun's token launch is facing some serious headwinds. The lack of utility, combined with a hefty valuation and growing competition, has investors on edge. Meanwhile, Binance is innovating with a new model that could shake up the entire token launch landscape. And, of course, there's always room for a good old-fashioned crypto mishap to keep things interesting.

Pump.Fun的代幣發布正面臨一些嚴重的逆風。缺乏公用事業，再加上高昂的估值和不斷增長的競爭，使投資者處於邊緣狀態。同時，Binance正在通過一種新模型創新，該模型可能會動搖整個令牌發射景觀。而且，當然，總有一個好的老式加密貨幣不事的空間使事情變得有趣。

So, what does all this mean? The world of crypto is constantly evolving. Platforms need to offer real value and utility to survive. And, sometimes, you just have to laugh when you accidentally burn $58,000 worth of tokens. It's all part of the adventure, right?

那麼，這意味著什麼？加密世界在不斷發展。平台需要提供真正的價值和實用性才能生存。而且，有時候，當您不小心燃燒價值58,000美元的代幣時，您只需要笑即可。這都是冒險的一部分，對嗎？