PumpFun Gacha Promotion Slammed as Rigged Casino
PumpFun's new Rolex gacha mechanic is facing widespread community backlash, with critics pointing out that only PumpFun's own promoters are winning prizes, undermining any claim of organic participation.
What we know
The controversy sparked across two feeds. An account on X fired the most viral shot, noting that every Rolex winner in PumpFun's new gacha feature happens to be someone whose job is to promote PumpFun — calling it transparently inorganic. The criticism was widely amplified: Another account on X and others RT'd the take, while additional voices called the feature a 'slop extraction machine' and declared PumpFun is 'turning into a fucking casino'. Notably, despite the reputational hit, on-chain metrics remain strong: Another account on X reports $PUMP's daily volume at $475M (+10% DoD), revenue at $1.97M, and 93% SOL market share, with nearly $1M in buybacks.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.