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The weeks leading up to Pump.fun’s ICO were contentious: accusations that it was extractive, debates over decentralization, and outrage over allocations.

In the end, the company pulled off the third-largest ICO in crypto history, raising $600 million in 12 minutes.

The day of, Solana barely flinched under the load, and onchain platforms like Hyperliquid and Raydium left CEXes looking outdated.

In this episode of Unchained, Haseeb Qureshi of Dragonfly and Joe McCann of Asymmetric join Laura to break down:

  • Whether this marks the return of ICOs
  • The objections to the small ($10 million) airdrop to creators
  • How Pump.fun’s ambitions could reshape memecoins, and maybe Solana itself
  • And why TikTok might not need to worry just yet

EPISODE TRANSCRIPT

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