Curve's Michael Egorov calls Pump.fun "a casino of scams called meme coins"

Curve Finance founder Michael Egorov escalated his criticism of Solana-based memecoin launchpad Pump.fun, calling it "a casino of scams called meme coins" and adding to broader scrutiny of the platform's role in speculative token issuance. Egorov had also said the Solana Foundation supports its ecosystem well, but found flagship products such as Pump.fun and wallet app Phantom less compelling than rivals, criticizing Phantom's hardware wallet setup as much worse than MetaMask despite eventually getting it to work. Pump.fun's growth has been shadowed by repeated controversy, including backlash over livestreams that were used for extreme stunts tied to token prices, a proposed class-action lawsuit alleging the sale of unregistered securities and nearly $500 million in fees, and research suggesting most tokens launched on the platform quickly fail or show signs associated with pump-and-dump schemes or rug pulls. Even so, the platform has remained a major revenue engine on Solana, with pseudonymous co-founder Sapijiju saying in a recent newsletter that Pump.fun had surpassed Hyperliquid in 30-day revenue.

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