As the Meme coin craze sweeps the crypto world, the lack of fairness, the rampant random launch, and the harvesting of PVP conspiracy groups have become the industrys chronic problems. The rapid rise of platforms such as Pump.fun, Four.meme, and SunPump has ignited market enthusiasm, but it has also exposed the nature of speculation-driven, low success rate, and high risk. At the same time, it is generally difficult for secondary market participants to make a profit, and the industry is in urgent need of a change.
Based on this, Fist.fun came into being. As a community-driven fair launch platform, it not only redefined the issuance logic of Meme coins, but also brought new possibilities for sustainable development to users, project parties and the entire ecosystem through innovative mechanisms. This article will analyze the unsustainability of the PVP model based on data and industry status, and deeply explore how Fist.fun has become a golden dog platform through strict screening and anti-harvesting design, providing KOLs and community leaders with trustworthy investment options.
Analysis of the current status of the Meme coin market and the PVP model - a fast but unsustainable business trap
The popularity of the Meme coin market is inseparable from the promotion of the PVP (Player versus Player) model. This player versus player game mechanism is essentially the transfer of funds between participants, rather than the creation of value. Although it has created a myth of getting rich quickly in the short term, its rapid prosperity hides an unsustainable business logic, which ultimately leads to widespread unprofitability for secondary market participants. The following data and industry analysis reveal the fatal flaws of the PVP model:
1. The cruel reality revealed by the data: low profits, high failure rate, high risks, and strict supervision
1. Low user profitability: According to pump.fun data and TechFlow reports , the total number of users exceeds 2.43 million, of which the number of daily active users is between 50,000 and 70,000. Among them, only about 3% of users earn more than $1,000, and the specific distribution is as follows:
The top 6 wallets with profits exceeding 10 million US dollars are ranked, and the proportion is unknown.
Wallets with profits exceeding 1 million US dollars ranked in the top 70, accounting for 0.0028%.
Wallets with profits exceeding $100,000 ranked in the top 924, accounting for 0.037%.
Wallets with profits exceeding $10,000 ranked in the top 11,936, accounting for 0.477%.
Wallets with profits exceeding $1,000 ranked in the top 76,587, accounting for 3.061%.
This shows that the vast majority of participants (97%) got nothing out of their high expectations, data sources include Dune Analytics ( Dune data and Adam_Tehc X post).
2. High project failure rate: Take the industry leader Pump.fun as an example. According to public data, as of December 2024, the platform has created more than 2.4 million Meme coins, but only 1.5% of the tokens have been successfully listed on decentralized exchanges (such as Raydium), with a failure rate of 98.5%. More worryingly, 98% of Meme coins have a lifespan of less than 3 months, with an average lifespan of only 12 days, and 15% of projects return to zero within a day. ( Pump.Fun data insights , Hard.fun comparative analysis ). At the same time, the SunPump platform created more than 500 new coins in two days in March 2025, with a market capitalization increase of 21.3%, but this explosive growth is more a product of speculative enthusiasm than a reflection of long-term value.
The reason for the high failure rate is that the viral and socially driven nature of Meme coins makes them highly speculative in the short term. For example, the success of Dogecoin and Shiba Inu has driven the Meme coin market to explosive growth after 2020. However, this prosperity depends on continued community attention and market sentiment. Once the heat fades, the value of the token will drop sharply. The projects on Pump.fun/SunPump themselves lack practical application scenarios and long-term incentive mechanisms. This shows that projects born under the PVP model lack long-term value and are difficult to maintain a healthy ecosystem.
3. High platform security risk: The situation of Four.meme is also not optimistic. As a Meme coin launch platform based on BNB Chain, it suffered multiple security vulnerability attacks in 2025, with losses including $183,000 and $174,000, involving liquidity vulnerabilities and sandwich attacks ( Four.Meme security incident analysis , PeckShieldAlert report , Four.Meme was hacked again ). These incidents have weakened user trust, increased the instability of the platform, and highlighted the high vulnerability of the platform and user assets in the PVP model.
4. Regulation and trust crisis exacerbate the dilemma: The confusion of the PVP model is also reflected in the regulatory and legal aspects. In January 2025, Pump.fun was sued for allegedly being an unregistered securities issuer, accusing its operating methods of promoting pump and dump behavior, causing investors to suffer huge losses. Global regulators, such as the U.S. Securities and Exchange Commission (SEC), have begun to pay attention to the potential risks of the Meme coin market and increase supervision. ( Wired report , They Went After the Hawk Tuah Crypto Promoters ). In addition, the platform suspended live broadcasts indefinitely due to abuse of content, reflecting content review and user experience issues ( Solana Meme Coin Launchpad Pump.Fun suspended live broadcasts , X post). This external pressure further squeezed the living space of the PVP model, and the confidence of retail investors also collapsed.
Together, these data and events indicate that the PVP model quickly attracts users, but ultimately it is difficult for secondary market users to make a profit due to low profitability, high failure rate, high risk, and regulatory issues.
2. In-depth analysis of the essence of PVP: zero-sum or even negative-sum game
The current PVP model is bound to lose money. PVP ≠ investment ≈ gambling ≈ zero-sum or even negative-sum game. The PVP model is essentially a zero-sum or negative-sum game for the following reasons:
The PVP model is not just you win, I lose; it is also you lose, I win, but the platform also takes a cut
PVP core rules: structurally follow the one win, two draws, seven losses rule
Human behavior like FOMO (fear of missing out) and greed drive participation, but the system design sets most people up to lose money
1. Why is the current PVP model a negative-sum game?
The core of the PVP model is that there is no external value injection, and all profits come from other players losses. To sum it up in a vivid way: Your profit is the blood and tears of others. However, the actual situation is worse than a zero-sum game - it is a negative-sum game. The platforms commission is as follows:
Launch platform tax (Pump, Fourmeme 1 ~ 5%)
Buy/sell slippage, gas fees, MEV
Some platforms have project dividends, currency holding taxes, and creators dividends.
Total funds invested - handling fees/slippage/platform tax = distributable profit pool
Distributable profit pool < total principal → everyone loses money overall.
For example, the transaction fees of Pump.fun and Four.meme range from 0.1% to 5%, and some platforms also involve project dividends or creators share, which means that the income pool that players can distribute is always less than the total amount invested. The data confirms this: the overall loss rate of Pump.fun users far exceeds the profit rate, and retail investors have become the biggest victims.
2. What are the core rules of PVP?
The player structure in the PVP mode further exacerbates inequality. The one win, two draws, seven losses rule circulated in the industry is vividly reflected here: similar to the casino structure:
1 Hunter (old player/people who understand the rhythm) earns most of the money
2 lucky people who ran early maybe made a small profit or a tie
7 retail investors who bought at high prices left the market at a loss
This structural feature is destined to determine the unsustainability of PVP - when the entry of new players slows down and the capital chain breaks, the market collapses rapidly.
3. Why do many people participate in PVP even though they know about it?
FOMO: Seeing others earn dozens of times more in a day, I can’t control myself
Information gap: Thinking that you can be the lucky one who “gets in early and leaves early”
Cognitive bias: overestimating one’s own operational capabilities and underestimating the probability of systematic losses
Gamblers psychology: want to make up for the loss, the more you lose, the more you want to bet
Conclusion: PVP is a harvesting ground for retail investors
Comprehensive data and analysis show that the PVP model is essentially a fast but unsustainable business model. It attracts a large number of players through low-cost issuance and social media hype, but cannot provide stable profit opportunities for the secondary market. Platform commissions, whale monopoly and project runaways make retail investors the ultimate victims, and the ecosystem lacking intrinsic value and long-term mechanisms is doomed to collapse. To change this situation, the industry needs a new platform that can break the PVP harvesting logic and return to fairness and sustainable development - this is the mission of Fist.fun.
Fist.funs product logic and core highlights - strict screening creates the Golden Dog launch platform
In the chaos of the PVP model, Fist.fun has launched an innovative mechanism with community-driven and fairness as its core, aiming to solve the pain points of the industry and become a launch platform for getting riches as soon as you produce. The following is an analysis of how Fist.fun brings new opportunities to users and the community based on its product logic and core highlights.
1. Fair launch: breaking the whale monopoly
Fist.funs launch platform adopts a single-address limit and dynamically adjusted subscription mechanism and a transparent fundraising dashboard to prevent whales from monopolizing the issuance of new coins. The transparent fundraising dashboard puts all data on the chain for inspection, eliminates black-box operations, and the community votes to decide the launch priority, delegating power to users. This extremely fair design directly solves the pain point of retail investors in the PVP mode, allowing every participant to have the opportunity to share early dividends instead of being harvested by the pre-mining group.
2. Strict screening: Eliminate junk projects from the source
Unlike the random launch model of platforms such as Pump.fun, Fist.fun strictly controls the quality of projects through a triple audit mechanism - community voting, technical evaluation and KOL endorsement. The project party needs to destroy the platform currency to obtain the launch permission, and combine the raised funds with the LP reserved tokens into a liquidity pool, which will be locked for one year. This design has greatly increased the entry threshold and effectively curbed low-quality projects and runaway behaviors. In contrast, Pump.funs 98.5% failure rate and Four.memes security vulnerabilities exposed the drawbacks of random launches, while Fist.funs screening mechanism ensures that every token has the potential to become a Golden Dog level high-quality asset.
3. Anti-harvesting design: protecting user interests
Fist.funs anti-speculation penalty mechanism (such as short-term unlocking of additional handling fees) and on-chain reputation scoring system further protect users from PVP conspiracy groups. High-reputation projects and users receive more privileges, and low-quality projects are naturally eliminated. This design is in stark contrast to Four.meme, which lost user funds due to frequent vulnerabilities, highlighting Fist.funs commitment to ecological health.
4. Community co-building: the cornerstone of sustainable development
Fist.fun allocates 95% of tokens to the staking DAO pool. Users participate in mining and enjoy governance rights by staking platform coins, and vote to determine project screening criteria and platform development direction. 2% of the selling fees are injected into the staking pool to support long-term coin holders; 2% is used for repurchase to enhance liquidity. This system of deflation and incentives not only extends the life cycle of tokens, but also transforms users from passive investors to ecosystem builders. Compared with the dismal data of Pump.fun, where only 3% of users are profitable, Fist.fun encourages community activity through multi-level rewards (based on staking amount, number of referrals, and trading activity) to ensure that more people benefit from it.
Why choose Fist.fun?
Fist.fun is not only a launch platform, but also an innovation of the current status of Meme coins. It breaks the monopoly with a fair mechanism, ends junk projects with strict screening, replaces short-term speculation with community co-construction and long-term incentives, and solves the problems of low-quality projects and user risks in the PVP model. For KOLs and community leaders, Fist.fun is a trustworthy partner - its reputation of golden dog for every product and sustainable ecology will attract more fans to participate and promote the steady increase in the value of the platform coin. Compared with traditional platforms, Fist.Fun solves the following problems:
Solve the fairness problem: Dynamic limits and transparent dashboards break the whale monopoly and give retail investors the opportunity to participate;
Improve project quality: Multiple audits and lock-up mechanisms filter out low-quality projects and protect users from being harvested;
Extending ecological life: Staking income and community rewards extend the life cycle of tokens and build a sustainable network.
Its positioning of golden dog for every product is derived from strict screening and community consensus, attracting users and project parties seeking long-term value. The user journey is clear: participate in launch → trade → pledge → reward → consensus unlock → ecological value enhancement → attract more participants to form a closed loop.
Fist.fun plans to expand to more blockchains (such as Solana, BNB Chain), launch cross-chain staking and tool empowerment, gradually realize DAO governance, and set an industry benchmark ( Fist.funs future vision ).
Conclusion and Outlook
Although the PVP model of the Meme coin market has brought a short-term boom, it has deterred retail investors due to its unsustainability and harvesting nature. Fist.fun has broken this dilemma through fair launch, strict screening and community-driven, injecting new vitality into the industry. In the future, with the support of more blockchain networks, the development of decentralized tools and the realization of full DAO governance, Fist.fun is expected to become a benchmark platform in the Meme coin field. KOLs and community leaders, choosing Fist.fun is not only to provide fans with a fair opportunity to get rich, but also to contribute to the long-term prosperity of the Meme ecosystem.
