According to Cas Abbé, the launch of PumpFun in Q1 2024 significantly disrupted the altcoin market, which had been experiencing a 6-8 week uptrend. The sudden influx of millions of PumpFun tokens led to a noticeable divergence in altcoin performance. This event occurred despite the absence of new pro-crypto regulations, highlighting the influence of market supply dynamics on trading strategies. Source: Cas Abbé on Twitter.