“The launch of the pump fun is correlated directly with the destruction of the Altcoin market against $ BTC.”
This was what the cryptographic analyst Milescher emphasized after seeing the important “alternative season” in all races “since the cryptography market began to ascend in the second half of 2024.
- #Cryptoph think the leader and executive of GCASH, Luis Buenaventura, on the other hand, he has also expressed his opinion on the matter.
What is the meaning? A healthy discussion provides cryptographic investors for a better guidance on their commercial trip.
Definition of terms
- Altcoins: These are all cryptocurrencies, except $ BTC.
- Meme coins: These are cryptocurrencies created from jokes and internet memes. These tokens do not have public services, and their prices depend on the exaggeration of the community.
- Major tokens: These are alternatives that function as utility tokens, gas tokens and ecosystems tokens of different projects and large block chains such as Ethereum ($ eth), Solana ($ Sol) and Binance ($ BNB).
- Pump fun: A token launchpad built at the top of the Solana Red, where users can create, trade and distribute their own cryptography, specifically meme coins.
The general panorama: In an interview with the writer, Buenaventura said that current Toro’s career is different from past bull races because, normally, first in $ BTC demonstrations in terms of price, followed by $ eth, then the other Altcoins. (Read more: “Are we all going to be cryptographic in 2025?” By Luis Buenaventura)
- Now, $ BTC and all Altcoins are recovering at the same time.
The same observation He was noticed by Deutscher.
- According to the cryptographic analyst, this change was caused by the existence of memes coins, because the speculative capital that would have ever poured into the 200 main assets, instead, jumped the weapon and flooded at low low tapas.
“The first birds and experts became incredibly rich of this. And honestly, there was a lot of money to win (and it is still, it will not disappear). But most retailers (who entered late) lost, as is the case in most Altcoin cycles. “
Thousands Deutscher, cryptographic analyst
Deutscher also explained that what is happening today is due to the flow of funds of “Illicid memes in the chain”, which quickly turns over 7% to 80% negative.
- This is very different from what happened in 2022, where the losses of the merchants were mainly limited to CEX Altcoins with solid liquidity, he said.
“Therefore, it became an event of destruction of wealth much greater than the 2022 bear (apart from moon), although BTC (and some specialties) are still in a macro bull trend. Understanding this, it is clear to see why feeling is so poor. “
Thousands Deutscher, cryptographic analyst
But what about the pump fun?
Crypto’s analyst stressed that Token Launchpad “changed the game fundamentally.”
For Deutscher, because Pump Fun allows anyone to create and distribute meme coins, has turned the cryptographic industry into “the largest casino on the planet.”
However, he still accredited the platform as a “powerful incorporation tool.”
“By the way, I do not blame the fun bomb, since its launch is in direct response to the blatant cryptographic regulation, which has made impossible just projects. The SEC essentially forced the industry to find ways to make the industry the industry “Fair”, instead of the execution of Bull of VC/Insider-Fuelled of 2021 “.
Buenaventura responded to this analysis, Showing pessimism about the lasting effect of memes coins in the cryptography market cycle.
“This perspective shows an interesting consequence of the democratization of the creation of Pump Ffun Meme coins, but I am less sure that it will continue in this way.”
Luis Buenaventura, #Cryptoph
The GCASH executive mentioned other trends, such as initial coins offers (ICO) and non -fungible tokens (NFT), which existed in past cycles in 2017 and 2021, respectively.
He did not hold out of his respective cycles, Buenaventura explained.
These initiatives once popular have no relative importance in this bull, and argued that the same destination could happen to Meme’s coins.
“I feel that MEME coin creation platforms will see a similar type of fading over time.”
Luis Buenaventura, #Cryptoph
This article is published in Bitpins: Fun Fun destroyed the Altseation season?
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