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![BTCTN Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::3367334171.png) Bitcoin.com News [@BTCTN](/creator/twitter/BTCTN) on x 3.2M followers
Created: 2025-07-18 15:44:00 UTC

Pumpfun's raise was slick:

- On-chain
- Transparent pricing
- Fair public/private rounds

But @graminitha1 and @_dsencil say it’s still trash:

“It has no moat… it’s just meme coin extraction at scale.”

From Token Narratives ep. XX


![](https://pbs.twimg.com/amplify_video_thumb/1946143599642497024/img/wcz4ftKmSty_q_li.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946234507209891914/c:line.svg)

**Related Topics**
[bitcoincom](/topic/bitcoincom)
[genius act](/topic/genius-act)
[meme coin](/topic/meme-coin)
[$5b](/topic/$5b)
[cbdc](/topic/cbdc)
[coins stablecoin](/topic/coins-stablecoin)
[narratives](/topic/narratives)
[token](/topic/token)

[Post Link](https://x.com/BTCTN/status/1946234507209891914)