PumpFun Launch Faces Challenges as Market Reacts Negatively and Ecosystem Needs to Stand Alone

The founder of PumpFun, Alon, shared his initial thoughts following the launch of $PUMP. The confirmed airdrop is scheduled but will not happen immediately. He discussed the competition in launchpads, particularly with Bonk, and acknowledged the potential danger of a large selloff during the airdrop period. Alon emphasized that PumpFun aims to improve crypto onboarding, prioritizing community engagement. The market reacted negatively, resulting in a rapid decline and reaching a new all-time low. With the airdrop no longer the primary incentive, the focus now shifts to whether the ecosystem can sustain itself independently.