#MemecoinSentiment Pump.fun's recent ICO has sent mixed signals through the memecoin market. On one hand, its rapid $600 million raise in just 12 minutes demonstrates immense speculative appetite and sustained interest in the memecoin sector, especially on Solana. This bullish sentiment suggests that despite regulatory scrutiny and past "rug pulls," investors are still drawn to the potential for quick, significant returns.

However, critics warn of insider-heavy allocations and a "mass extraction event," particularly given pump.fun's declining revenue and a history of scam tokens. This dichotomy creates a cautious optimism: while some see a benchmark for future launchpads, others fear it could drain liquidity from an already struggling memecoin ecosystem, reinforcing the "pump-and-dump" narrative. The long-term implications for memecoin sentiment remain to be seen.