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"Anti-Pump.fun" token LAUNCH sees $6.8 million in 24-hour trading volume

BlockBeats news, October 27, according to GMGN market data, the "anti-Pump.fun" narrative token LAUNCH reached $6.8 million in 24-hour trading volume, with a market cap currently reported at $1.53 million.


It is reported that LAUNCH is an independent project token issued via StonkFun, with its core narrative being to create a fairer launch platform than Pump.fun. The project eliminates developers' bundling advantage at Block 0 by deploying tokens through a unified main wallet, while limiting duplicate tickers and copycat behavior to reduce PvP, and automatically using creator fees for buyback and burn of the corresponding tokens, allowing trading activity to flow directly back to the token itself and its holders rather than being extracted by developers.

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pump.fun signed influencer Kimchi, and the同名 token's market cap once surged to $40 million. But a poster with a QR code triggered a chain reaction: the founder deleted the post, the new coin plummeted 98%, the official token fell 70% from its peak, and ultimately retail investors bore the losses.
The Meme platform Pump.fun initiated a token pre-sale due to breach of trust, triggering a triple crisis of trust, market, and legality, causing it to rapidly fall from grace.
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