Curve Finance founder Michael Egorov has taken a swipe at Solana-based Pump.enjoyable and criticized the platform’s position within the meme coin market.
His feedback add to the scrutiny Pump.enjoyable has confronted because it has grown into one of many largest venues for launching new meme cash.
Token Failures and Controversies
Egorov criticized Pump.enjoyable and known as it “a on line casino of scams known as meme cash.” ClawPump co-founder Tomas Oliver, nonetheless, pushed again and asserted that the platform merely supplies a service and customers select learn how to use it. Oliver added that meme coin exercise would exist elsewhere if Pump.enjoyable didn’t dominate the market.
The Solana-based launchpad has confronted controversy earlier than, significantly over the best way its platform has been used.
In November 2024, its livestream characteristic drew heavy backlash after customers started utilizing it for excessive and disturbing stunts linked to their token costs. Some streams concerned threats of self-harm, violence, and hurt to members of the family. In a single case, a person threatened to finish their life if a token failed to achieve a $25 million market cap. One other incident reportedly concerned a pair utilizing their youngster as a part of a marketing campaign to spice up a token.
The backlash led Pump.enjoyable to halt livestreams. The characteristic returned in April 2025, however with stricter moderation guidelines.
It additionally confronted authorized strain throughout this era. A proposed class-action lawsuit accused Pump.enjoyable of providing unregistered securities and alleged that it had collected practically $500 million in charges. The case was introduced by a dealer who mentioned he misplaced cash on three tokens – FWOG, FRED, and GRIFFAIN.
Progress Paradox
Considerations over the tokens themselves have additionally continued. A Could 2025 report from blockchain analytics agency Solidus Labs discovered that 98.6% of Pump.enjoyable tokens it analyzed confirmed traits of pump-and-dump schemes or rug pulls. Extra lately, a CoinGecko evaluation of 18.67 million tokens discovered that greater than 68% recorded their ultimate commerce on the identical day they launched. Solely 4.55% remained energetic for greater than 90 days.
Regardless of this, the platform has additionally turn out to be a serious income on Solana. In reality, it was amongst seven Solana purposes that generated greater than $100 million in income in 2025. In line with the newest e-newsletter by pseudonymous Pump.enjoyable co-founder Sapijiju, the launchpad surpassed Hyperliquid in income measured over 30 days.
The publish Pump.enjoyable Underneath Fireplace Once more: Curve Finance Founder Calls It a ‘On line casino’ for Meme Cash appeared first on CryptoPotato.