Pumpfun, a platform allowing open token creation, has experienced a 66% decline in its user base over the past three months despite generating over $600 million in fees, which amounts to 15% of the total market capitalization of tokens launched on its platform. The platform has drawn mixed opinions within the cryptocurrency community. Critics highlight concerns about its role in fostering gambling addiction among young users, who reportedly spend extensive hours searching for profitable tokens without acquiring tangible skills. Supporters argue that Pumpfun and memecoins represent a form of pure speculation in the crypto space, contrasting with projects based on uncertain promises. Additionally, Pumpfun has recently achieved an all-time high in token creation efficiency, contributing to a resurgence in memecoin sentiment. Despite calls for its discontinuation, Pumpfun's prominence has increased, surpassing other platforms such as Monad and Sophon in mind share.