After the Pump founder's live stream, the coin price experienced a big dump, causing dissatisfaction in the community.

Recently, the co-founder of pump.fun was interviewed during an online live stream. This live stream, jokingly referred to by some as the "cryptocurrency FOMC", had a significant impact on the price of $PUMP. During the live stream, $PUMP fell by nearly 15%, with a daily drop of close to 20%, and its market capitalization briefly fell below $3 billion.

For pump.fun, this interview was undoubtedly a PR blunder. The founder discussed several key topics during the live broadcast:

Regarding the $PUMP airdrop, the founder stated that he would fulfill previous commitments, but it will not happen in the near future. He emphasized that currently only a very small number of people know the specific plans for the airdrop, and external rumors are not credible.

Regarding the $PUMP buyback, the founder did not disclose specific plans but stated that the company's on-chain activities would provide answers. He revealed that approximately $20 million of $PUMP was repurchased during the early stages of the token issuance, and about $550,000 was repurchased in the last 4 days.

Regarding competition from Bonk, the founder believes that while short-term speculation is important, more attention should be paid to long-term development. He stated that pump.fun will inject a large amount of liquidity into the ecosystem to support community development.

The founder also discussed the future of the meme market, believing that the market still has room for 10 times or even 100 times growth, but needs more sustainable ways to attract users. He mentioned the upcoming PumpSwap 2.0, stating that the fee structure will be adjusted to encourage more teams to join and engage in long-term development.

However, this live broadcast ultimately sparked strong dissatisfaction within the community. The big dump of $PUMP, along with the founder's vague responses to multiple issues, intensified investors' distrust. Some community members questioned why more specific plans and commitments could not be provided after pump.fun had already raised a significant amount of funds.

In addition, the founder's recent strategy of buying meme coins within the pump.fun ecosystem has failed to effectively boost market confidence. The multiple tokens he purchased have incurred losses, which stands in stark contrast to his promise during the live broadcast to "inject a large amount of liquidity into the ecosystem."

This live broadcast has also raised doubts about the public relations strategy of pump.fun. Given the already low level of trust within the community, the founder's vague responses and lack of specific commitments have further deepened investors' concerns.

Overall, this live broadcast not only failed to alleviate the community's dissatisfaction but may have exacerbated the trust crisis faced by pump.fun. In the increasingly competitive cryptocurrency market, how to rebuild community confidence will become an important challenge for the pump.fun team.