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Pump.fun’s $1.32B token launch draws criticism over utility and liquidity risks

Summary by crypto.news
Despite raising $1.32B in one of Solana’s largest meme coin sales, Pump.fun’s PUMP token faces criticism for lacking utility and risking sharp volatility in a fragile altcoin market. Pump.fun recently completed its highly successful PUMP token sale, raising an estimated…
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crypto.news broke the news in on Tuesday, July 15, 2025.
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