Until degens leave Pumpfun, memecoins will stay in a permanent bear market.

Hi.

Before Pumpfun came along, the degen scene was evolving. When Pumpfun launched, it:

Increased number of daily launches by ~100x.

Spread volume way too thin.

Made rugs the most profitable launches.

Reversed progress 180 degrees.

Ever since that day, it's been two steps back for every one step forward. And it's getting worse.

That's because Pumpfuns business model is self-cannibalizing:

The more tokens that launch, the more money Alon makes, the less volume there is for each token.

The lower the graduation rate, the more taxes into Alons pocket, the less profitable the space is for traders.

Pumpfun poisons the ecosystem that it relies on. That we rely on. I won't even say it's strangling the space. It already strangled it. It's dead. There are many reasons why, but most are symptoms; the disease is Pumpfun.

There's still hope for those of us who don't want the trenches back, because something's coming. It will revive the memecoin scene.

But I didnt post this to shill, I did it to make sure you know that until we leave Pumpfun, things will just stay the same or get worse.