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Rune
@RuneCrypto_
earning yield onchain / try @anyswapbot
Joined August 2022
3.2K Following    173.5K Followers
the @pumpfun innovation problem Pump app charges 0% fees, but they’re paying KOLs $500K+ to switch from @fomo, which generated $1.5M today. The plan is: give away free trading, make money from pumpswap, because “people on pump app will probably trade pumpswap tokens, and the launchpad subsidizes the app” except today there’s $1B+ terminal volume… and it’s all on Robinhood chain. Pump is sitting on the sidelines watching it happen @ponsdotfamily launched a launchpad on Robinhood chain. it’s now at $600M mcap & generating $10M+ in daily fees. they were nothing a month ago and now is printing money on a chain pumpfun ignored that $10M a day in fees could’ve been pumpfun’s. they have the brand, can easily build the infra, they have $2B in cash. they could’ve deployed a pumpswap on robinhood chain before anyone else and owned the entire ecosystem from day one but that’s been the biggest Pump problem since they created Pumpfun: they’re not innovative. Terminal was an Axiom copy, and Pump app is a Fomo copy. how can the king of launchpads let a random team make a launchpad on Robinhood which is now doing more revenue than pumpfun? the 0% fee strategy only works if the volume stays on solana. the moment volume moves to another chain (which it did) pump app users are generating zero revenue while the competition is printing on the chain pump ignored pump had every advantage to be first there. the brand, the capital, the team, the tech. they chose to fight over fomo’s users on solana instead
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