Pump.fun Under Fire Again: Curve Finance Founder Calls It a ‘Casino’ for Meme Coins

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 referred to as it “a on line casino of scams referred to as meme cash.” ClawPump co-founder Tomas Oliver, nonetheless, pushed again and asserted that the platform merely gives a service and customers select the way 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 way in which its platform has been used.

In November 2024, its livestream function drew heavy backlash after customers started utilizing it for excessive and disturbing stunts linked to their token costs. Some streams involved threats of self-harm, violence, and hurt to relations. In one case, a consumer threatened to finish their life if a token failed to achieve a $25 million market cap. Another incident reportedly concerned a couple utilizing their little one as a part of a marketing campaign to spice up a token.

The backlash led Pump.enjoyable to halt livestreams. The function returned in April 2025, however with stricter moderation guidelines.

It additionally confronted authorized stress throughout this era. A proposed class-action lawsuit accused Pump.enjoyable of providing unregistered securities and alleged that it had collected almost $500 million in charges. The case was introduced by a dealer who stated he misplaced cash on three tokens – FWOG, FRED, and GRIFFAIN.

Growth Paradox

Concerns over the tokens themselves have additionally continued. A May 2025 report from blockchain analytics agency Solidus Labs found that 98.6% of Pump.enjoyable tokens it analyzed confirmed traits of pump-and-dump schemes or rug pulls. More not too long ago, a CoinGecko evaluation of 18.67 million tokens found that greater than 68% recorded their remaining commerce on the identical day they launched. Only 4.55% remained lively for greater than 90 days.

Despite this, the platform has additionally grow to be a main income on Solana. In reality, it was amongst seven Solana functions that generated greater than $100 million in income in 2025. According to the most recent e-newsletter by pseudonymous Pump.enjoyable co-founder Sapijiju, the launchpad surpassed Hyperliquid in income measured over 30 days.

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