According to Cas Abbé on Twitter, the launch of PumpFun has resulted in significant losses for retail traders, as insiders and developers capitalized by entering positions early and subsequently dumping on the retail market. This activity has severely reduced retail liquidity, a critical factor needed to fuel a robust Altseason rally (Source: Cas Abbé, Twitter, May 3, 2025). Traders should note that the current lack of liquidity may hinder the momentum and sustainability of upcoming altcoin surges, leading to increased volatility and risk in low-liquidity environments.