From an economist's perspective, the recent surge in pump.fun tokens exemplifies classic market dynamics driven by speculative behavior and social contagion. While such tokens can generate significant short-term price appreciation fueled by community enthusiasm, they often lack underlying fundamental value, increasing the risk of volatility and potential losses. The sustainability of growth in these assets remains questionable, as price movements may be more reflective of herd mentality than intrinsic economic factors. A thorough analysis of risk, market structure, and investor incentives is essential before drawing conclusions about their long-term viability.