🚀 𝗣𝘂𝗺𝗽.𝗳𝘂𝗻: 𝗧𝗵𝗲 𝗕𝗶𝗴𝗴𝗲𝘀𝘁 𝗩𝗮𝗹𝘂𝗲 𝗘𝘅𝘁𝗿𝗮𝗰𝘁𝗼𝗿 𝗶𝗻 𝗖𝗿𝘆𝗽𝘁𝗼 𝗛𝗶𝘀𝘁𝗼𝗿𝘆? 💸
Since its launch, Pump.fun has extracted a staggering $70 million worth of SOL, making it potentially the largest value extractor from a Layer 1 blockchain ever. This presents an intriguing challenge for Solana’s digital economy. 🧐
💡 Unlike traditional economies where capital rotates and injections outpace flight (think U.S. economy), on Solana, capital outflows—often driven by Pump.fun—tend to suppress SOL's price over time, outpacing buying pressure.
No hate here though! 👏 This is pure genius—Pump.fun is arguably one of the most successful businesses in crypto history. 🌐💼
What do you think about this dynamic?
Let’s discuss! 👇
