pump.fun has drawn criticism for streamlining the creation of highly speculative memecoins, with some observers alleging that the platform has enabled scam tokens and pump-and-dump schemes

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Despite being central to the recent Solana memecoin craze, the platform has drawn criticism for serving as a breeding ground for scam cryptocurrencies and pump-and-dump schemes.

Pump.fun has divided opinions as its platform has eased the process of creating memecoins, highly speculative cryptocurrencies that have no intrinsic value.