Pump.fun founder Alon’s live stream flops: questioned for "not daring to speak throughout," triggering a series of $PUMP fall below the issue price.

For pump.fun, Alon's interview was undoubtedly a public relations disaster. (Background: Pump.fun token surged to $0.007: the 48-72 hour lock-up period is ending, facing a real test (, public sale sold out in 12 minutes )) (Background information: PUMP fell below the public sale price, bro Ma Ji suffered a loss of over $3.86 million on a 5x long order) Yesterday (24th) at 4 AM, pump.fun co-founder @a1lon9 held a voice interview live broadcast on the Twitch channel of crypto KOL @notthreadguy. Before the live broadcast, someone in the English-speaking community joked that this was the "FOMC" of the crypto world. From the results, this live broadcast indeed had a profound impact on the coin price, with $PUMP dropping nearly 15% during the broadcast, with a daily drop close to 20%, once falling below a market capitalization of $3 billion. For pump.fun, Alon's interview was undoubtedly a public relations disaster. What did Alon say during the live broadcast? Regarding the $PUMP Airdrop, threadguy: Will there be another $PUMP Airdrop? If so, when? Alon: Just as we promised at the TGE announcement, $PUMP will have an Airdrop, and we will keep our promise, ensuring that the Airdrop rewards go to the community that has helped us grow over the past year and a half. We hope the Airdrop can be executed well, driving the trading volume of the entire ecosystem, which is important for our long-term development. We are currently focused on bringing attention and hype back to pump.fun. Nevertheless, the Airdrop will not happen in the immediate future. There are many rumors about the $PUMP Airdrop, such as the Airdrop standards being this way, the Airdrop activities being that way, but I think there are only about 5 people on earth who truly know how the $PUMP Airdrop is planned. Therefore, all the rumors that everyone can see are unreliable; we take the Airdrop very seriously and want to ensure that it is worthy of the community. Threadguy: How much of the $PUMP will be used for the Airdrop? Alon: I can't reveal that now, but it will be worthy of the community. Threadguy: How will you solve the selling pressure after the Airdrop? Alon: I can't disclose any specific mechanisms now, but we will consider it seriously. Regarding the $PUMP buyback, threadguy: Will you continue to buy back $PUMP from the open market? Alon: I can't completely disclose the specific plans, but our on-chain actions will answer this question. Threadguy: Can you reveal how much $PUMP you have bought back since the TGE? Alon: Initially, we bought back about $20 million worth of $PUMP, and in the past 4 days, it was about $550,000. (Threadguy exclaimed twice after hearing the $550,000 in the past 4 days, "You guys have a lot of money!") Regarding competition from Bonk, threadguy: Why do you think Bonk was able to surpass pump.fun's trading volume and market share in such a short time? Alon: There are certainly many short-term speculations and short-term competitive strategies involved, but we always focus on the long term. What I mean is, in the past few months, the products that everyone has been using have not undergone substantial changes, and the market has not seen substantial growth. If we want this field to continue to grow 10 times or even 100 times, substantial changes are necessary. Although the long term is important, the short term is equally important for long-term development. We will inject a lot of liquidity into our ecosystem and interact with the communities we are working hard to build in our ecosystem to ensure these communities have the best opportunities for success. Threadguy: How does pump.fun regain absolute leadership in the "launchpad war"? Alon: Supporting the active communities in the current ecosystem in the short term is essential; it is these active communities that have brought us to where we are today. However, if we extend the timeline, in addition to ensuring the success of the tokens launched on our own platform, there also need to be significant improvements in products. I believe everyone still remembers the explosive market at the end of last year and the beginning of this year. Although cryptocurrencies are cyclical, our current downturn, in addition to cyclical factors, also requires transformation. We need a better ecosystem and mechanism to coordinate the forces of all parties involved, such as communities, creators, and traders more effectively; we need a better way to integrate outsiders into this field; we need to ensure that memes always have new and interesting narratives rather than the same group of people repeatedly speculating on things that everyone is already tired of. For the first point, we have invested a lot of time and effort to advance. For the second point, the pump.fun mobile app was created for this purpose. For the third point, we need to continuously invest resources to attract more excellent creators. But let me emphasize again: focusing on the short term and letting resources flow back to pump.fun are essential for long-term development. Threadguy: You have been buying 1 pump.fun ecosystem meme coin daily; will this strategy be effective and feasible in the long run? Alon: This is just a small step in our plan. Regarding the meme market, threadguy: Do you think the meme market will return to its previous peak? Alon: Of course, if I didn't believe the market could grow 10 times or even 100 times, I wouldn't be here. The market still has a lot of upward potential; it is just a matter of time and specific actions. But I believe we need more sustainable ways to attract users. A big pump does attract people, but an excessive frenzy followed by a big dump may drive away newly attracted individuals, even leaving a bad impression that keeps them from returning. Achieving sustainable growth requires significant changes. Threadguy: So what will you specifically do? Alon: First, what we are building now is not a single launchpad product but a large pump.fun ecosystem, so we need an excellent team. The current team is already quite good, but we will continue to recruit talent, even strategic acquisitions like Kolscan that were announced before. We will continue to observe the market, looking for opportunities to expand, whether in the social field or other areas. Then, as I mentioned earlier, significant changes are necessary, one of which will be PumpSwap 2.0. I can't disclose too many details, but the cost structure will be completely different, aiming to incentivize teams that can produce more interesting meme coins to join and build long-term. The CTO incentives we updated a week ago have laid the foundation to motivate creators to build within existing meme coin communities. Whether they are creators, streamers, artists, or startup founders, we strive to attract them into our ecosystem. Not just to attract them to deploy a token and then speculate for a few days before saying goodbye, but to motivate them to build something sustainable. We still need to put in a lot of effort and iterations to achieve this effect. The mobile app is very important. Although our user numbers have fluctuated recently, the number and activity of app users are hitting new highs almost every day, allowing new...