Early buyers of celebrity-backed tokens on Solana via Pump Fun have made substantial profits, with some tokens generating six-figure returns quickly.
The ease of token launches and ensuing profits have stirred criticism in the crypto community, leading some to view the trend as a negative development for the industry.
Niche celebrities like Caitlyn Jenner and various rappers have recently issued tokens on Solana using the Pump Fun app, capitalizing on the meme coin creation trend.
However, concerns arise as blockchain data indicates early traders accumulating most of the token supply before celebrity endorsements, leading to substantial gains for them over others.
[
add
]
[
|
|
...
]