Pump.fun Memecoin 平台因“诈骗投资者”而面临严厉批评

Memecoin 平台 Pump.fun 令人印象深刻的增长数字引起了争议。

Memecoin mania has gripped retail investors, promising them a chance at quick profits. But for most, the reality has been far from rosy. Launched with great fanfare, most memecoins fizzle out after a short while, leaving retail investors to nurse their losses.

Memecoin 狂热吸引了散户投资者，为他们提供了快速获利的机会。但对于大多数人来说，现实远非乐观。大多数模因币在大张旗鼓地推出后不久就失败了，让散户投资者承受损失。

One platform that is cashing in on the memecoin craze is Pump.fun, which has hit $100 million in revenue in record time. But this has been met with mounting criticism, with many accusing the company of profiting from the fleecing of small investors.

Pump.fun 是一个利用 memecoin 热潮获利的平台，其收入已创纪录地达到 1 亿美元。但这遭到了越来越多的批评，许多人指责该公司通过敲诈小投资者来获利。

Pump.fun faces massive criticism for ‘fleecing investors’

Pump.fun 因“诈骗投资者”而面临严厉批评

Memecoin platform Pump.fun’s impressive growth figures have not been without their detractors. On Monday, September 2, Syncracy Capital hedge fund revealed that Pump.fun was the fastest-growing crypto application ever. From its launch to reaching $100 million in revenue took Pump.fun just 217 days — a staggering achievement.

Memecoin 平台 Pump.fun 令人印象深刻的增长数字也遭到了批评。 9 月 2 日星期一，Syncracy Capital 对冲基金透露 Pump.fun 是有史以来增长最快的加密应用程序。 Pump.fun 从推出到收入达到 1 亿美元只用了 217 天，这是一个惊人的成就。

This, however, has opened it up to a barrage of criticism.

然而，这却招致了一连串的批评。

Pumpdotfun is the fastest growing application by revenue in the history of the cryptoeconomy — $100M in revenue in just 217 days.

Pumpdotfun 是加密经济历史上收入增长最快的应用程序——仅 217 天收入就达到 1 亿美元。

Love it or hate it Pump is a massive signal to builders to build on Solana and a trojan horse for consumer adoption of blockchains. pic.twitter.com/xhTNpLBoCW

喜欢它还是讨厌它 Pump 是一个巨大的信号，向开发者发出了在 Solana 上进行构建的巨大信号，也是消费者采用区块链的特洛伊木马。 pic.twitter.com/xhTNpLBoCW

Pump.fun managed to achieve this revenue growth by making it easier than ever to launch tokens — and charging some of the highest fees among decentralized exchanges (DEXs). Notably, their primary source of revenue is a 1% fee on all transactions. Critically, this enables the platform to generate revenue no matter if the project is going up or down. This is important, as projects on the platform have only a 1.4% success rate.

Pump.fun 通过让发行代币变得比以往更容易，并收取去中心化交易所 (DEX) 中最高的费用，成功实现了收入增长。值得注意的是，他们的主要收入来源是对所有交易收取 1% 的费用。至关重要的是，无论项目是上升还是下降，这都使得平台能够产生收入。这很重要，因为该平台上的项目成功率只有 1.4%。

As a result, critics have slammed Pump.fun’s, labeling it a “scam factory” and a “Trojan horse for scammers.” Among them is crypto founder Robby Greenfield, who argues that Pump.fun’s $100 million milestone was achieved by selling “pump and dumps on a speculative market that is now completely receding.”

因此，批评者猛烈抨击 Pump.fun，将其称为“诈骗工厂”和“诈骗者的特洛伊木马”。其中包括加密货币创始人 Robby Greenfield，他认为 Pump.fun 的 1 亿美元里程碑是通过“在目前完全衰退的投机市场上进行拉高和抛售”来实现的。

We’re celebrating $100M extracted from users and delivered to the team via rug mania here? ?‍♂️How about we celebrate fastest to return $100M in revenue to users of the product? https://t.co/SxNC1mr2mu

我们正在庆祝从用户那里提取 1 亿美元并通过地毯狂热交付给团队吗？ ?‍♂️我们庆祝最快为产品用户返还 1 亿美元收入怎么样？ https://t.co/SxNC1mr2mu

Other community members have likened the platform to a casino, suggesting that its model is unsustainable and ultimately harmful to the broader crypto ecosystem.

其他社区成员将该平台比作赌场，表明其模式是不可持续的，最终会对更广泛的加密生态系统造成损害。

Pump.fun memecoins see dismal results

Pump.fun memecoins 的业绩惨淡

While Pump.fun has undoubtedly simplified the process of launching tokens, this has not translated into better results for investors. For instance, celebrity memecoins, most of which launched on the platform, had a dismal performance. The average decline for tokens such as those from Caitlyn Jenner and Iggy Azalea was a staggering 94%.

虽然 Pump.fun 无疑简化了发行代币的流程，但这并没有为投资者带来更好的结果。例如，大多数在该平台上推出的名人模因币表现不佳。 Caitlyn Jenner 和 Iggy Azalea 等代币的平均跌幅达到惊人的 94%。

Below is a chart of the 30 celebrity tokens launched on Solana in June.

下面是 6 月份在 Solana 上推出的 30 个名人代币的图表。

Every single one is down.

每个人都倒下了。

Place you bets accordingly. pic.twitter.com/g9QaM0ZP98

相应地下注。 pic.twitter.com/g9QaM0ZP98

Other Solana memecoins faced similar issues. In March, Crypto investigator ZachXBT released a list of memecoin presales that rugged their audiences. In response, Solana founder Anatoly Yakovenko urged his community not to invest in new memecoins and to look at projects with strong tech instead.

其他 Solana memecoin 也面临类似的问题。今年 3 月，加密货币调查员 ZachXBT 发布了一份 memecoin 预售清单，吸引了他们的受众。作为回应，Solana 创始人阿纳托利·雅科文科 (Anatoly Yakovenko) 敦促他的社区不要投资新的模因币，而应关注技术实力雄厚的项目。

Despite their risks, memecoin investing is much more accessible to a wider audience compared to investing in tech — and with platforms like Pump.fun promoting the trend, it is unlikely to stop anytime soon.

尽管存在风险，但与投资科技相比，模因币投资更容易为更广泛的受众所接受——而且随着 Pump.fun 等平台推动这一趋势，这种趋势不太可能很快停止。