Pump.Fun，代幣發射和鯨魚控制：加密貨幣的狂野騎行

Pump.Fun的泵代幣發射一直是過山車，以波動性和鯨魚操縱為特徵。 Meme Coin的未來是推出的，還是另一個警告性的故事？

Pump.fun, Token Launch, and Whale Control: A Wild Ride in Crypto

Pump.Fun，代幣發射和鯨魚控制：加密貨幣的狂野騎行

Pump.fun's PUMP token launch has been a wild ride, marked by extreme volatility, whale manipulation, and irritated retail traders. The token's performance raises questions about fairness and decentralization in meme coin launches.

Pump.Fun的泵代幣發射一直是一次狂野的旅程，其特徵是極端波動，鯨魚操縱和刺激性的零售商人。代幣的表現提出了有關Meme Coin發射中公平和權力下放的問題。

The PUMP Launch: A Rocky Start

泵發射：岩石開始

The launch of Pump.fun's in-house token, PUMP, was highly anticipated. However, early trading was chaotic. After launching at roughly $0.006, the price quickly dropped to $0.005 on Kraken. Initial trade volume was high, with many early holders rushing to sell. Trading volume decreased, and the price bounced between $0.005 and $0.006, showing market indecision and fear.

高度期待Pump.Fun的內部令牌泵。但是，早期交易是混亂的。在以0.006美元的價格推出後，Kraken的價格迅速下降到0.005美元。最初的貿易量很高，許多早期持有人急於出售。交易量減少，價格在0.005美元至0.006美元之間，顯示出市場猶豫不決和恐懼。

Whale Control and Decentralization Concerns

鯨魚控制和權力下放問題

Despite being in many wallets, PUMP is concentrated among a few large players. On-chain analysis reveals interconnectedness among these wallets, suggesting that most of the token supply is held by a small group of whales. This concentration raises concerns about decentralization, as it allows for potential price manipulation. Major market makers like Wintermute and DWF Labs quickly acquired significant amounts of PUMP, fueling speculation about insider advantages.

儘管有許多錢包，但泵仍集中在一些大型玩家中。鏈分析揭示了這些錢包之間的相互聯繫，這表明大多數令牌供應由一小部分鯨魚持有。這種集中度引起了人們對權力下放化的擔憂，因為它允許潛在的價格操縱。像Wintermute和DWF實驗室這樣的主要做市商迅速獲得了大量的泵，從而猜測了有關內部優勢的猜測。

Airdrop Snub and Community Uproar

空投冷卻和社區騷動

Pump.fun's decision not to conduct a public airdrop has caused controversy. While presale participants and crypto influencers received their portions, frontline retail investors were excluded. This exclusion has led to discontent among Pump.fun members, who feel they deserve a rightful airdrop. The project is accused of favoring whales and insiders.

Pump.Fun決定不進行公共空調引起了爭議。儘管預售參與者和加密影響者收到了他們的部分，但前線散戶投資者被排除在外。這種排除導致泵中的不滿。 FUN成員認為他們應該得到應有的氣流。該項目被指控贊成鯨魚和內部人士。

Exchange Listings and Future Potential

交換清單和未來潛力

Despite the initial challenges, PUMP is now trading on exchanges like Hyperliquid, with many whale investors taking long positions in anticipation of a rebound. There's also speculation about future listings on major exchanges like Coinbase and Binance, which could increase liquidity and broaden market accessibility. These developments could potentially shift the current whale-dominated dynamics.

儘管面臨著最初的挑戰，但泵現在仍在諸如Hyproliquid之類的交易所進行交易，許多鯨魚投資者在預期反彈方面處於長期位置。關於Coinbase和Binance等主要交易所的未來列表也有猜測，這可能會增加流動性並擴大市場可及性。這些發展可能會改變當前以鯨魚為主的動態。

Binance Enters the Arena with a Curated Approach

Binance以策劃的方法進入競技場

Binance has introduced a new token launch model within its Binance Wallet, using bonding curve mechanics similar to Pump.fun. However, Binance's version is curated, requiring projects to apply for inclusion. This approach aims to improve fairness, reduce spam, and align with listing standards, while still providing users with early access and trading flexibility. This move positions Binance to compete with Solana-native platforms by offering a more controlled alternative for token launches.

Binance使用類似於pump.fun的粘合曲線機制在其二元錢包內引入了新的令牌啟動模型。但是，Binance的版本是策劃的，要求項目申請包含。這種方法旨在提高公平性，減少垃圾郵件並與上市標准保持一致，同時仍為用戶提供早期訪問和交易靈活性。此舉位置是通過提供更受控的令牌發布的替代方案來與Solana-Native平台競爭的位置。

Rumors Debunked: Presale Funds Are Not Locked

謠言被揭穿：預售資金沒有被鎖定

Rumors that Pump.fun's presale tokens were permanently locked due to the absence of a withdrawal function in its smart contract have been debunked. Crypto security firm Hacken clarified that the legitimate PUMP token's smart contract does not include a "withdraw" function, but this is common for Solana SPL and Ethereum ERC-20 tokens. The funds are not locked or lost, and tokenomics align with publicly reported figures.

關於泵的前代幣的謠言被揭穿了智能合同中缺乏戒斷功能，因此被永久鎖定。加密安全公司Hacken澄清說，合法的泵代幣的智能合約不包括“提取”功能，但這對於Solana SPL和Ethereum ERC-20代幣很常見。這些資金沒有被鎖定或丟失，而令牌學與公開報導的數字保持一致。

XRP's Whale Accumulation and Altcoin Season

XRP的鯨魚積累和山寨賽季節

While not directly related to Pump.fun, the activity surrounding XRP provides context for whale behavior in the crypto market. A record influx of wallets holding more than one million XRP tokens has driven XRP's price up. This accumulation by whales raises questions about their intentions and the potential impact on the market structure. This activity coincides with a broader altcoin rally, suggesting a strategic shift in the market.

雖然與pump.fun無直接相關，但圍繞XRP的活動為加密市場中的鯨魚行為提供了背景。擁有超過100萬個XRP代幣的創紀錄的錢包湧入使XRP的價格上漲。鯨魚的積累提出了有關其意圖以及對市場結構的潛在影響的問題。這項活動與更廣泛的Altcoin集會相吻合，這表明市場發生了戰略轉變。

Final Thoughts

最後的想法

Pump.fun's PUMP token launch has been nothing short of dramatic. From its volatile debut to whale manipulation accusations and a controversial airdrop, it's a meme coin saga for the ages. Whether PUMP will pump or dump in the long run remains to be seen, but one thing's for sure: it's a wild ride in the crypto world. So buckle up, folks, and enjoy the show! Who knows what tomorrow will bring in the ever-unpredictable world of meme coins?

Fump.Fun的泵令牌發射簡直是戲劇性的。從波動的首次亮相到鯨魚的操縱指控和有爭議的空投，這是一個舊的模因硬幣傳奇。從長遠來看，泵將泵送還是垃圾，還有待觀察，但可以肯定的是：這是加密貨幣世界中的瘋狂騎行。伙計們，搭扣，欣賞演出！誰知道明天會帶來不可預測的模因硬幣世界？