According to PANews, there is growing concern that the Solana ecosystem is being negatively impacted by the rise of 'Pump fun,' which could lead to a rapid transformation of Solana's environment similar to that of the BNB chain. This shift may result in the proliferation of low-quality assets and quick scams, overshadowing the potential for high-quality asset growth within the Solana network. The emergence of 'Pump fun' has standardized and industrialized the issuance of meme coins by combining primary market bonding curves with secondary market AMM algorithms. In this highly competitive market, developers who quickly execute scams can mitigate risks and enhance capital efficiency, often emerging as market winners. Consequently, meme coin issuance teams may lose their strategic vision. On-chain data reveals that transactions related to 'Pump fun' recently accounted for 38.4% of total transactions. Solana, once a bastion of American libertarian crypto ideals and a haven for North American enthusiasts, is quietly transforming into a hub for Southeast Asian scams and gambling activities. The idyllic days of Solana 1.0, characterized by fun, memes, and side earnings, have given way to an era of industrialized exploitation. Daily occurrences now include MEV bot wars, Telegram bot battles, insider manipulations by smart money addresses, and celebrity coin launches aimed at quick profits. As of now, the total number of 'Pump fun' deployments stands at approximately 1.42 million, with each transaction representing the deployment of one meme coin. Analyzing the number of meme coins from 'Pump fun' with a market value exceeding $10 million reveals that 'Pump fun' essentially operates as a low-probability, low-payout negative EV slot machine. Those who become engrossed in 'Pump fun' are ultimately fueling the platform's revenue. To date, 'Pump fun' has generated an income of 444,300 Sol, contributed by individuals hoping for overnight wealth. Currently, Solana's staking yield is around 7%, with an average monthly risk-adjusted return of 6.18%. Simply holding and staking SOL can yield substantial returns without any additional effort. However, many fail to grasp the subtle wisdom of 'holding on,' mistakenly believing that staying up late to engage in risky activities is a form of hard work, not realizing that it often leads to the depletion of their valuable SOL.