Interesting phenomenon: PumpFun's largest market cap token is actually not held by anyone. It seems that many tokens are just paper wealth—impressive market cap figures but actual liquidity is scarce. This is a microcosm of some current on-chain launch platforms: dazzling numbers, hollow fundamentals. The market is chasing highs, but genuine holders are few and far between. Ironically, this precisely reflects the deeper issues of the rapid token issuance ecosystem—more people are looking at opportunities rather than truly believing in the projects.

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PositionPhobiavip
· 23h ago
This is the true picture of the current crypto world... Looks good on paper, but useless.
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TokenUnlockervip
· 12-17 00:19
Laughing to death, this is the true portrayal of PumpFun The place with the most paper millionaires Are all bagholders transferring funds to each other Market cap of hundreds of billions, holdings in single digits, who would believe that But then again, the entire crypto circle is like this, used to it It's satisfying to look at the data, but seeing real holdings breaks the illusion A bunch of worthless coins are just hyping each other up
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InscriptionGrillervip
· 12-16 18:53
On paper, wealth is abundant, but the actual holders are few and far between. This is the true picture of the crypto world.
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LiquidityWitchvip
· 12-16 18:52
The paper wealth really should go bankrupt; no one holds it, yet the market value is skyrocketing. Isn't this just a big scam?
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WalletDoomsDayvip
· 12-16 18:52
Paper wealth nesting doll, in the end no one takes the bait
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LiquidityLarryvip
· 12-16 18:52
This is the perfect example of a pump and dump; as long as the numbers look good, anyone will buy.
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StablecoinSkepticvip
· 12-16 18:36
The game of paper wealth is already stale; truly committed holders are shockingly scarce.
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GasWastervip
· 12-16 18:33
Paper wealth, this routine is too common. No one holds it, yet they dare to boast about market value.
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