TechFlow, July 10 — Jocy, partner at IOSG Ventures, posted that while Pump.fun once achieved a remarkable $700 million in protocol revenue, recent data shows its daily income has plummeted by 92%, with market share dropping to 39.9%, overtaken by rival LetsBonk. Analysis indicates serious issues with its current $4 billion valuation ICO: lack of transparent governance structure, unclear team vesting terms, and excessive valuation stretched during a bear market for memecoins.
The team has already accumulated substantial wealth via fees; this ICO appears more like an "exit liquidity" event rather than a long-term development plan. Investors are advised:
- Treat this as highly speculative gambling, not fundamental investing
- Wait patiently for one week after token launch before making decisions
- Adopt a staggered participation strategy to reduce risk exposure
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