Michael Egorov, founder of Curve Finance, sharply criticized Pump.fun on X, calling the platform a « scam casino » for memecoins on Solana. He also lamented the poor user experience of Phantom, the dominant Solana wallet, when connecting to a hardware wallet, judging it inferior to MetaMask. Egorov acknowledges that the Solana Foundation supports its ecosystem well, but believes its best applications fall short. Pump.fun has industrialized memecoin creation via a bonding curve, generating a considerable volume of worthless tokens and serial scams. The platform has faced fierce criticism and legal proceedings in the United States for months, with some lawsuits comparing it to an « illegal digital casino ».
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