As a blockchain analyst with years of experience in DeFi and NFT ecosystems, I break down whether Pump.fun's $4 billion valuation is justified amid the current meme coin downturn. Through cold hard data, platform revenue analysis, and insights into their pivot towards influencer-driven content, this article examines if this 'meme printing machine' can sustain its hype—or if it's just another crypto bubble waiting to burst. Spoiler: The numbers might surprise you.

As a Wall Street maverick with a penchant for disruptive tech, I dissect pump.fun's controversial $4 billion valuation amid the meme coin slump. From its 30-day $41.6M revenue to viral streamers like Gainzy, we'll explore whether this 'degenerate casino' can reinvent itself as a Gen-Z media empire. Spoiler: The math works – but the vibes are shifting.