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Tag: Pump.fun

  • Cryptocurrencies Are Dying in Record Numbers, Report Says

    What happens when you die…and you’re a cryptocurrency? Because deaths of this sort have been happening in record numbers lately.

    The most famous death of a cryptocurrency is probably TerraUSD which, along with sister token Luna, plunged in value from its $1 peg to 14 cents over the course of one chaotic week, and then kept dropping to about 2 cents, where it has mostly stayed ever since.

    This is how currencies die. TerraUSD was renamed USTC, and trades have happened from time to time for whatever reason at various tiny fractions of a dollar. Nothing is truly worth nothing, and technologically speaking, a dead cryptocurrency that is still on a usable blockchain can often still be transferred on the off chance someone is willing to lift a finger. But there’s perhaps no better way to illustrate what you learn in the first minute of economics 101. Something no one wants has no market value.

    That’s economic death.

    With that in mind, a recent report from CoinGecko (via CoinDesk) says the crypto reaper has been unusually busy lately. Looking at its own records from as far back as 2021, CoinGecko found that 20.2 million tokens had been placed on the market, and that the majority—53.2%—have ceased active trading. They’re dead.

    What’s more, 11.6 million of the token failures recorded by CoinGecko—86.3%—happened last year. In other words, 2025 was a mass die-off.

    Incidentally, 2025 was the year Pump.fun, a disturbingly glib “decentralized social casino” overtly dedicated to creating cryptocurrencies cheaply and easily on the spur of the moment, went super viral. In its early days, Pump.fun featured “a guy who smokes meth on stream, a drunk lawyer who gives shitty legal advice that degenerates the longer the stream goes on, and a guy promising not to sleep until his coin hits a $10 million market cap,” Matthew Gault wrote on Gizmodo.

    So it’s not hard to come up with some wild guesses as to just how all these deaths of currencies happened. It’s been an era of zero-effort memecoins, spurred in part by a leader of the U.S. who describes himself as the “crypto president.”

    One-off joke coins that never came with any expectation of being anyone’s long-term investment don’t die in exactly the same catastrophic way as TerraUSD. They just freeze at whatever point they stopped being funny, and get abandoned. Nonetheless, each dead currency was somebody’s proverbial bag of coins at some point, and each corpse is evidence that someone—maybe a sucker who got grifted, but maybe just the creator who had a private chuckle—got stuck holding it.  

    Mike Pearl

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  • Pump.fun Leads as Solana App Revenue Hits $2.4B in 2025

    Despite falling meme coin volumes in 2025, Solana revealed Pump.fun and launchpads generated massive revenue.

    Solana-based meme coin launchpad, Pump.fun, emerged as one of the ecosystem’s top revenue-generating applications.

    Pump.fun was listed among seven Solana apps that generated more than $100 million in revenue during the year, as meme coin issuance and speculative trading remained a major activity driver on the network.

    Pump.fun Stole the Spotlight

    According to the latest findings by Solana, alongside Pump.fun, five other launchpads each recorded over $1 billion in volume in 2025. They collectively contributed to launchpad revenues doubling year-over-year to $762 million.

    Pump.fun also played an important role in rising token creation as launchpads collectively generated 11.6 million tokens, more than double the prior year. However, only a small fraction, about 0.89%, progressed beyond bonding curve launches. Despite meme coin trading volume declining 10% year-over-year to $482 billion, Solana noted that activity was still up roughly 80 times compared with two years earlier.

    Beyond Pump.fun, Solana reported that total app revenue across the network reached $2.39 billion in 2025. This figure was up 46% year over year and marked a new all-time high. In addition to Pump.fun, revenue leaders included Axiom Exchange, Meteora, Raydium, Jupiter, Photon, and Bullx, each generating more than $100 million.

    Apps on the network, earning under $100 million, collectively generated more than $500 million in revenue during the year. At the protocol level, Solana said network REV climbed to $1.4 billion, which was a 48-fold increase over the past two years, while average transaction fees continued to decline, and median fees fell to $0.0011.

    Solana’s broader network metrics pointed to rising usage and asset activity. The blockchain processed 33 billion non-vote transactions in 2025, and averaged 1,054 non-vote transactions per second. Meanwhile, daily active wallets averaged 3.2 million, up 50% year over year.

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    Stablecoin supply more than doubled to $14.8 billion, and $11.7 trillion in stablecoins were transferred over the year. Tokenized equities, on the other hand, debuted on the network with $1 billion in supply.

    DEXs, and ETFs

    Additionally, decentralized exchange volume reached $1.5 trillion, led by Raydium, Orca, and Meteora, while DEX aggregators such as Jupiter accounted for a growing share of trading activity.

    Staked SOL reached record highs in 2025, while Solana ETFs recorded $1.02 billion in net inflows amidst heightened institutional demand.

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  • Pump.fun, Trump-Backed DeFi, Dominate 2025’s Biggest Token Sales

    Pump.fun led 2025 token sales, after raising $600 million in minutes, while Trump-backed World Liberty Financial followed with $550 million.

    Pump.fun topped the largest token sales of 2025, as it raised $600 million. The Solana-based meme coin platform completed its PUMP token sale on July 12.

    Interestingly, the offering sold out in roughly 12 minutes.

    Largest Token Sales of 2025

    The sale followed a revision to the public allocation, which was reduced to 12.5% of the total 1 trillion token supply, after 18% had already been distributed through a prior private sale. Participation required KYC verification. According to the project, the token launch is tied to Pump.fun’s strategy to expand into on-chain social and live-streaming use cases.

    The remaining supply is distributed across team allocations, ecosystem and community incentives, liquidity, investor allocations, and foundation and streaming-related funds.

    According to CryptoRank’s compiled data, the second-largest raise came from World Liberty Financial (WLFI), a DeFi project backed by US President Donald Trump, which has raised around $550 million since launching its public token sale. The most recent round concluded in March and covered 25% of WLFI’s 100 billion token supply.

    WLFI co-founder Zak Folkman has said that approximately 63% of the total supply is intended to be sold to the public over time, which means that further sales may follow as the project continues its roll-out.

    Outside the top two, capital inflows were more fragmented but still significant across projects. For instance, Layer 1 blockchain Monad ranked third with $217 million raised. The network went live on November 24 and was accompanied by an airdrop of its MON token. While MON has a total supply of 100 billion tokens, only about 10.8% is currently unlocked and circulating.

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    Other Blockchain Token Sales

    “High-performance” Ethereum scaling solution, MegaETH, followed with $78 million. The Layer 2 is backed by investors including Dragonfly Capital and Ethereum co-founder Vitalik Buterin.

    Privacy infrastructure also featured prominently. Aztec Network, for one, secured $52 million for its zero-knowledge-based Ethereum Layer 2. Plasma, a stablecoin-focused blockchain designed to combine Bitcoin’s security with Ethereum Virtual Machine (EVM) compatibility, raised $50 million, supported by investors such as Founders Fund, Framework Ventures, and Bitfinex.

    Rounding out CryptoRank’s top 10 were Gensyn with $16 million, Solayer with $10.5 million, Sahara AI with $8.5 million, and Lombard with $6.7 million.

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  • Pump.fun Co-Founder Denies Cashing Out ICO Funds, Calls Allegations ‘Misinformation’

    Lookonchain flagged the movement of $436.5 million USDC through Kraken, but Pump.fun’s co-founder said it’s a simple treasury reshuffling from the PUMP ICO.

    Pseudonymous Pump.fun co-founder Sapijiju has rejected allegations that the platform cashed out $436.5 million USDC, in a response directly to claims made by on-chain analytics account Lookonchain.

    In a post, Sapijiju called the allegation “complete misinformation,” while stating that “$0 has been cashed out.” The exec denied any involvement in the transactions Lookonchain linked to crypto exchange Kraken and stablecoin issuer Circle.

    USDC Transfers Spark Drama

    According to Sapijiju, the movements flagged in the earlier tweet were related to Pump.fun’s internal treasury management, specifically the redistribution of USDC raised from the PUMP token ICO into different wallets so the company’s runway can be reinvested into the business.

    They further added that Pump.fun has never directly worked with Circle. The original claims by Lookonchain stated that since October 15, Pump.fun had deposited 436.5 million USDC into Kraken, while 537.6 million USDC reportedly moved from Kraken to Circle through a wallet identified as DTQK7G during the same period.

    Additionally, Lookonchain reported that between May 19, 2024, and August 12, 2025, Pump.fun had sold 4.19 million SOL worth $757 million at an average price of $181, with 264,373 SOL allegedly dumped on-chain for $41.64 million, and 3.93 million SOL worth $715.5 million deposited into Kraken.

    Sapijiju’s clarification received mixed reactions. Some pointed out a contradiction: the team denied involvement in Kraken and Circle transactions but admitted that USDC moves were part of treasury management from the PUMP ICO. Others were relieved to see that the team is still active and engaging with the community.

    Many noted that treasury management is often mistaken for cash-outs. But critics still questioned the team’s strategy, and even called their airdrop explanation weak and warned that PUMP could collapse. Some urged proof that the USDC reserves fully back the circulating supply.

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    Controversies

    Pump.fun’s ICO in July for the native PUMP token was also controversial. The Solana-based meme coin launchpad raised $500 million in just 12 minutes, after selling 12.5% of the total supply at $0.004 per token in a public offering. Initially, 33% of PUMP was allocated for the ICO, with 18% reserved for institutional buyers and 15% for the public sale, but only 12.5% was actually sold publicly.

    Just days before the ICO, crypto exchange Gate.io suddenly canceled PUMP’s pre-market listing and refunded all presale participants. The exchange later explained that the decision was made following discussions with the Pump.fun team.

    Last year, the platform temporarily paused its livestream feature after it was exploited for disturbing acts, including threats of self-harm and violence linked to token performance. Rapid growth, with livestream activity increasing over 100 times in a week, overwhelmed moderation systems.

    To address this, Pump.fun expanded its moderation team and improved automated and human oversight.

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    Chayanika Deka

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  • PUMP Rallies 10% Following Pump.Fun’s Acquisition Of Trading Terminal Padre

    Pump.fun announced the acquisition of a leading multi-chain trading terminal to further expand its ecosystem, triggering a 10% price surge for the platform’s token, PUMP.

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    Pump.fun Acquires Padre

    On Friday, Solana’s leading launchpad, Pump.fun, announced it had acquired multichain trading terminal Padre for an undisclosed amount as part of its “mission to tokenize the world’s highest-potential opportunities.”

    The platform explained that trading terminals have “captured most trading volumes in the ecosystem” for the past year. Therefore, the acquisition of Padre, which supports trading across Ethereum, Solana, BNB Chain, and Base, “was a no-brainer,” Pump.fun’s co-founder Alon Cohen affirmed.

    “Today marks another historic day for the PUMP ecosystem. What we’re known for is innovating, growing the market as a whole and creating the most retail-friendly products,” Cohen wrote on X.

    “But we have always wanted to find more ways to support and reward our existing, loyal user base, most of which uses pro trading terminals,” he continued, adding that “the Padre team has shown the most grit, execution capability and integrity out of any crypto team I have gotten to know.”

    According to the official announcement, Padre will function as usual, but users will experience significant upgrades in user experience, especially for tokens launched on Pump.fun. Additionally, the integration will improve data and speed, and offer better trading incentives.

    PUMP Breaks Out Of Bearish Structure

    Following the news, Pump.fun’s token, PUMP, became one of the best-performing tokens in the past 24 hours, jumping 11.6% to a one-week high of $0.0043. The cryptocurrency has been trading within the $0.0036-$0.0046 price range since the early October correction.

    Analyst Sjuul from AltCryptoGems noted that yesterday, PUMP was “in a bit of trouble” after retesting the range lows, needing to break out of a bearish structure to prevent a breakdown to lower levels.

    After today’s rally, PUMP “finally broke that structure,” suggesting that the range high should be the next target for the cryptocurrency’s price.

    A potential breakout from this range could set the stage for a retest of the $0.005 mark, a key support and resistance level during the Q3 rally that was lost during the October 10 pullback.

    PADRE Crash Drives Community Backlash

    Despite the PUMP rally, Pump.fun received some backlash after the acquisition. Padre’s users slammed the memecoin launchpad for one of the key changes listed in the announcement.

    According to the official X post, trading terminal’s token, PADRE, “will no longer have utility on the platform with no further plans for the future.” As a result, the cryptocurrency dropped 76% in an hour to a multi-month low of $0.009 before stabilizing at around $0.0139.

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    A user criticized the decision, affirming that “when you acquire a product that has been on the market for more than a year, (…) it would be really wise to take into account people that have invested into the token as well.”

    The user considers that “posting a statement that renders the token absolutely useless and sunsetting it in this way is atrocious,” suggesting that the Pump.fun team should have taken a snapshot and announced an airdrop for PADRE holders.

    PUMP’s performance in the one-week chart. Source: PUMPUSDT on TradingView

    Featured Image from Unsplash.com, Chart from TradingView.com

    Rubmar Garcia

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  • BNB Chain Memecoin Season? 70% Of Investors In Profit As Four.Meme Surpasses Pump.Fun

    As BNB’s price records a massive 30% rally, the BNB Chain ecosystem also experiences a remarkable performance, fueled by Chinese-themed memecoins launched on the Four.meme launchpad.

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    BNB Chain Momentum Steals Memecoin Spotlight

    Amid BNB’s run to the $1,300 barrier, the BNB Chain ecosystem is experiencing a memecoin frenzy, with multiple BNB Chain-based tokens gaining significant traction over the past few days.

    Notably, the ongoing momentum has seen tokens like Palu (PALU), 币安人生 (BinanceLife), 4 (FOUR), PUP (PUP), and CZ’s Dog (BROCCOLI) record massive rallies.

    According to DeFiLlama data, the BNB Chain-based memecoin launchpad, Four.meme, has overtaken Pump.fun, Solana’s leading launchpad, in daily revenue.

    In the past 24 hours, Four.meme has gained around $1.4 million in revenue, surpassing Pump.fun’s $885,420. Meanwhile, CoinGecko data shows that the Four.meme ecosystem tokens have surged around 88% to an overall market capitalization of $1.044 billion and a daily trading volume of $963.4 million.

    Four.meme flips Pump.fun in daily revenue. Source: DeFiLlama

    Nonetheless, the Solana-based launchpad continues to lead in higher timeframes, with weekly and monthly revenues of $8.34 million and $40.9 million, respectively. Binance co-founder and former CEO Changpeng Zhao, also known as CZ, highlighted the recent memecoin frenzy in the BNB Chain.

    On Tuesday, CZ acknowledged the “BNB meme szn” on X, affirming, “I didn’t expect this at all.” On-chain analytics platform Bubblemaps declared that the “BNB memecoin szn is real,” noting that over 100,000 on-chain traders bought into the new memecoin frenzy, with 70% of them being in profit.

    As the platform detailed, 21,000 investors have made over $1,000, while 900 have earned over $100,000 with the leading tokens. Meanwhile, 40 traders have made over $1 million, and one has profited more than $10 million.

    Can BNB’s Memecoin Season Last?

    A crypto community member weighed in on how long the ongoing memecoin trend could last and whether it was worth participating in it. According to the X post, the investor considers that the BNB Chain tokens frenzy might continue, arguing that “this time is different.”

    Following the rapid surge of BinanceLife, which has reached a market cap of $372 million in less than a week, the investor listed multiple reasons why BNB Chain’s memecoin season could last for a while.

    They argued that “CZ and He Yi won’t let this wave fade easily,” suggesting that they will “likely keep pushing it forward.” The investor pointed out that the ecosystem is more mature and capital is more abundant. Previously launched memecoins “aimed” for a Binance listing, while the new project’s exit path is clearer.

    “First generate hype through reposts, then launch on Alpha, followed by listing on Aster spot and Binance spot—each step driving upward momentum in a relentless surge,” they explained.

    Lastly, the investor argued that the rules have changed, as this Memecoin bull run is spearheaded by the Chinese-speaking community, who “stand at the crest of the wave” this time.

    “Those who embrace change swiftly profit first; Those with biases neither gain nor lose,” they concluded.

    BNB, BNBUSDT
    BNB’S performance in the one-week chart. Source: BNBUSDT on TradingView

    Featured Image from Unsplash.com, Chart from TradingView.com

    Rubmar Garcia

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  • PUMP Surges 20% From Range Low, Outshines Market Peers

    TL;DR

    • PUMP breaks out from $0.0035 support after 50 days, showing renewed market strength and momentum.
    • Trading volume tops $360M as PUMP outperforms, gaining over 30% in just 7 days.
    • Project Ascend introduces lower fees, boosting creator incentives and ecosystem sustainability on pump.fun.

    Price Moves Out of Tight Range

    PUMP has moved up 20% from its recent bottom, climbing from around $0.0035 to over $0.0042. The move follows several weeks of sideways price action, where it repeatedly tested support at the lower end of its range. After holding steady, the asset broke through short-term resistance.

    Meanwhile, the trading range between $0.0035 and $0.0068 has remained in place for about 50 days. Now, with the price pushing into the upper half, traders are watching for a possible move toward the top of the range. Holding above the breakout level could keep momentum going.

    Analysts Point to Market Strength

    CryptoAmsterdam noted that PUMP is moving better than most other tokens right now. “PUMP is outperforming the rest of the market,” the analyst said, adding that it remains on the radar even if the broader crypto market cools down.

    Over the last 7 days, PUMP has gained over 30%. Volume has also increased, with $360 million traded in the past 24 hours. These signs show growing interest in the token while many others are struggling or moving sideways.

    PUMP is trading just below $0.0042, a price area that has acted as resistance twice before. Altcoin Sherpa said,

    “$PUMP making some fresh local highs here… I think there will be some pullback soon but will look to reenter when I can.”

    Notably, the $0.0042 mark is now seen as a key level. A clean move above it may open up room to target the range high near $0.0068. If the price fails to push through, traders will be looking at the $0.0034–$0.0036 zone for support.

    Platform Changes Support Growth

    The team behind pump.fun recently announced a new update called Project Ascend. One of the major changes is a new fee model. Called “Dynamic Fees V1,” it reduces creator fees as a coin’s market cap increases.

    In addition, this change is expected to attract more creators and help coins last longer. The platform said the updates make it more rewarding to launch and grow coins, without raising costs for traders.

    The timing of this update lines up with the recent price move. While short-term price swings remain possible, traders are watching closely as PUMP continues to lead many of its peers.

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