In fact, retail investors who have been anxious about not making money for a long time are far less anxious than those in charge of the exchange. Pump already has a standardized and formulaic way of issuing coins, and has a huge group of funds/users. It can be seen that many coins can quickly reach a market value of 100 million US dollars within a day, with abundant funds and users willing to trade. And these people and money should have belonged to the exchange, but now the coins that have surged on the exchange cannot attract this money. They will only sell and find the next one. You can refer to the market reaction after BOME's initial public offering on the exchange. The customer acquisition growth rate of the exchange is currently far lower than that of Pump. Except for Trump, which has gained a lot of popularity and registration volume, the growth rate has slowed down significantly at other times, and some second tier companies are experiencing negative growth. The number of lost users far exceeds the increase. Nowadays, almost all exchanges only talk about registration numbers, not UV. Although first level traders cannot count real users and can only count wallet addresses, their trading volume has exploded in the previous year. You can see how much Sol they receive from each pump address and transfer to the exchange, and you will know how much money they make. There are still a few points that I don't want to dwell on. Secondary market traders don't need to be too hasty. There will definitely be ways, such as the exchange offering discounts, optimizing the listing process, or even learning from other peers to increase risk in the innovation zone. Anyway, I shouldn't be the one who is most eager for the wealth creation effect within the platform, but rather the platform whose active user numbers have plummeted as a result.