PANews reported on July 9 that according to The Block, on Monday, Pump.fun announced plans to sell 150 billion PUMP tokens to raise $600 million, which attracted criticism from critics, and the listing information on the Gate exchange mysteriously disappeared. Many cryptocurrency advocates believe that this has a bad impact. Steven Zheng, head of research at The Block, said: "Some users were surprised that Pump was selling tokens. They had expected large-scale airdrops like popular applications such as Hyperliquid. Although airdrops may still be in the works, Pump has to raise another $600 million through token sales when it has already raised $700 million through other means. This will definitely leave a negative impression. "

Alice Shikova, marketing director of Space ID, said that now that the meme coin craze has subsided, the demand for Pump.fun token sales may be lower than expected. Although it has brand advantages, it is risky due to insufficient demand and liquidity. Cryptocurrency researcher @0xCabana posted: "Pump.fun's issuance of tokens is like a corrupt president running for election and promising not to embezzle this time." Ray Youssef, CEO of Noones App, posted on X: "Black-hearted exchanges exploit users through perpetual contracts, and Pump.fun drains the vitality of DeFi, which ruins cryptocurrencies. Newcomers are cut off when they enter the market, and then they are gone forever."