Pump.Fun，代币发射和鲸鱼控制：加密货币的狂野骑行

Pump.Fun的泵代币发射一直是过山车，以波动性和鲸鱼操纵为特征。 Meme Coin的未来是推出的，还是另一个警告性的故事？

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

Pump.Fun，代币发射和鲸鱼控制：加密货币的狂野骑行

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的泵代币发射一直是一次狂野的旅程，其特征是极端波动，鲸鱼操纵和刺激性的零售商人。代币的表现提出了有关Meme Coin发射中公平和权力下放的问题。

The PUMP Launch: A Rocky Start

泵发射：岩石开始

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的内部令牌泵。但是，早期交易是混乱的。在以0.006美元的价格推出后，Kraken的价格迅速下降到0.005美元。最初的贸易量很高，许多早期持有人急于出售。交易量减少，价格在0.005美元至0.006美元之间，显示出市场犹豫不决和恐惧。

Whale Control and Decentralization Concerns

鲸鱼控制和权力下放问题

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.

尽管有许多钱包，但泵仍集中在一些大型玩家中。链分析揭示了这些钱包之间的相互联系，这表明大多数令牌供应由一小部分鲸鱼持有。这种集中度引起了人们对权力下放化的担忧，因为它允许潜在的价格操纵。像Wintermute和DWF实验室这样的主要做市商迅速获得了大量的泵，从而猜测了有关内部优势的猜测。

Airdrop Snub and Community Uproar

空投冷却和社区骚动

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决定不进行公共空调引起了争议。尽管预售参与者和加密影响者收到了他们的部分，但前线散户投资者被排除在外。这种排除导致泵中的不满。FUN成员认为他们应该得到应有的气流。该项目被指控赞成鲸鱼和内部人士。

Exchange Listings and Future Potential

交换清单和未来潜力

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.

尽管面临着最初的挑战，但泵现在仍在诸如Hyproliquid之类的交易所进行交易，许多鲸鱼投资者在预期反弹方面处于长期位置。关于Coinbase和Binance等主要交易所的未来列表也有猜测，这可能会增加流动性并扩大市场可及性。这些发展可能会改变当前以鲸鱼为主的动态。

Binance Enters the Arena with a Curated Approach

Binance以策划的方法进入竞技场

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使用类似于pump.fun的粘合曲线机制在其二元钱包内引入了新的令牌启动模型。但是，Binance的版本是策划的，要求项目申请包含。这种方法旨在提高公平性，减少垃圾邮件并与上市标准保持一致，同时仍为用户提供早期访问和交易灵活性。此举位置是通过提供更受控的令牌发布的替代方案来与Solana-Native平台竞争的位置。

Rumors Debunked: Presale Funds Are Not Locked

谣言被揭穿：预售资金没有被锁定

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.

关于泵的前代币的谣言被揭穿了智能合同中缺乏戒断功能，因此被永久锁定。加密安全公司Hacken澄清说，合法的泵代币的智能合约不包括“提取”功能，但这对于Solana SPL和Ethereum ERC-20代币很常见。这些资金没有被锁定或丢失，而令牌学与公开报道的数字保持一致。

XRP's Whale Accumulation and Altcoin Season

XRP的鲸鱼积累和山寨赛季节

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.

虽然与pump.fun无直接相关，但围绕XRP的活动为加密市场中的鲸鱼行为提供了背景。拥有超过100万个XRP代币的创纪录的钱包涌入使XRP的价格上涨。鲸鱼的积累提出了有关其意图以及对市场结构的潜在影响的问题。这项活动与更广泛的Altcoin集会相吻合，这表明市场发生了战略转变。

Final Thoughts

最后的想法

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的泵令牌发射简直是戏剧性的。从波动的首次亮相到鲸鱼的操纵指控和有争议的空投，这是一个旧的模因硬币传奇。从长远来看，泵将泵送还是垃圾，还有待观察，但可以肯定的是：这是加密货币世界中的疯狂骑行。伙计们，搭扣，欣赏演出！谁知道明天会带来不可预测的模因硬币世界？