Pump.fun co-founder Alon Cohen is denying reports that the Solana (SOL)-based memecoin launchpad will issue its own native token. Crypto reporter Colin Wu earlier said that Pump.fun is working on launching its own token and plans to use the Dutch auction system in the public offerings. Wu said that his team confirmed the information with […]
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The controversial Solana-based memecoin launchpad Pump.fun has deposited $407 million worth of SOL into the crypto exchange Kraken in the past year, according to the digital asset tracker Lookonchain. Lookonchain also notes that Pump.fun, which launched in January 2024, sold 264,373 SOL for $41.64 million worth of the stablecoin USDC. The memecoin launchpad has reportedly […]
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Only 0.4% of the 14 million crypto wallets that have interacted with Pump.fun have made a profit of over $10,000 — indicating that Burwick’s client base may be in the millions.
A US crypto law firm says it is looking to launch legal action on behalf of investors who have suffered losses due to the Solana memecoin launchpad Pump.fun.
“Today, Burwick Law is announcing publicly that we are pursuing legal action on behalf of investors in pumpdotfun memecoins,” said Burwick Law in a Jan. 15 post on X.
Burwick said the move followed “months” of working with everyday people who lost “significant amounts of money” to memecoins, rug pulls, and unfulfilled promises on platforms like Pump.fun.
While Dune data suggests most Pump.fun traders haven’t realized over $10,000 in profit yet; an onchain analyst argues it doesn’t fully capture what’s happening.
Almost all traders on Pump.fun, a decentralized platform for creating Solana-based memecoins, have yet to realize above $10,000 in total profits, according to recent Dune data.
However, an onchain analyst argues that the data doesn’t give a clear picture of how many crypto traders are actually in profits on the platform.
“If you’ve realized $10,000 trading Pump.fun’s tokens you’re a top 0.412% wallet,” onchain analytics platform Dune analyst Adam Tehc said in a Jan. 10 X post. A realized profit or loss is only calculated after traders have closed their position (sold the crypto they hold).
Solana-native Raydium beat Uniswap in decentralized exchange trading volumes in October and November, according to Messari.
Decentralized exchange (DEX) Raydium has surpassed Uniswap in monthly volumes for the second month in a row, according to a Dec. 10 Messari report.
In November, Solana native Raydium beat Uniswap — generally the most popular DEX — in monthly volumes by roughly 30%, or approximately $30 billion, according to the Messari report.
This followed a narrower win in October, when Raydium outperformed Uniswap by approximately 10%, according to a Nov. 17 post on the X platform by Ryan Watkins, co-founder of Syncracy Capital.
A newly launched platform dubbed goose.run lets users lend and borrow against memecoins, its team told Cointelegraph.
Maverick Protocol has launched a “MemeFi” platform on Coinbase’s Base network aiming to bring decentralized finance (DeFi) to memecoins, it told Cointelegraph on Dec. 9.
Dubbed goose.run, the platform is intended as Base’s answer to Pump.fun, the famed Solana (SOL) memecoin platform.
In addition to matching pump.fun’s core functionalities, such as liquidity bootstrapping for new tokens, goose.run also lets users lend and borrow against memecoins.
Two weeks ago, bitcoin’s march toward $100K hit a temporary pause, while Pump.fun showed us the unsettling side of financialization coupled with livestreaming. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the second it’s finished. Bitcoin, ETH Capitulation, and Pump.fun Craziness […]
The United Kingdom’s financial watchdog has blocked Pump.fun following a warning that the firm is not authorized in the country.
The United Kingdom’s Financial Conduct Authority (FCA) has issued a warning about the memecoin generator platform Pump.fun, stating that the platform is not authorized to operate in the country.
The warning, issued on Dec. 3, notes that the platform “may be providing or promoting financial services or products without our permission” in the UK.
The notice adds that customers dealing with Pump.fun won’t have access to consumer protections, such as the Financial Ombudsman Service or the Financial Services Compensation Scheme. The FCA said:
PancakeSwap’s head chef, Chef Kids, told Cointelegraph that SpringBoard is an ecosystem rather than a platform to launch tokens.
Decentralized exchange (DEX) PancakeSwap unveiled a feature enabling users to create and launch crypto tokens without coding expertise.
The platform, named PancakeSwap SpringBoard, launched on Dec. 4 and allows users to launch tokens directly on the BNB Chain.
In a statement sent to Cointelegraph, PancakeSwap described the platform as a no-code token creation tool with zero launch fees and a “fair launch” mechanism. This mechanism ensures transparent token distribution without pre-sales or seed funding rounds.
Pump.fun’s weekly revenue peaked at $33 million in November before dropping to $11 million the following week.
Solana memecoin launchpad Pump.fun saw its weekly revenue drop after disabling its livestream feature in response to reports of harmful content being broadcast.
The Solana memecoin generator’s revenue began November with an upward trajectory before it peaked in the fourth week.
From Nov. 18–24, DefiLlama data shows the memecoin launchpad generated $33.83 million in revenue for the week. This represents a 60% increase compared to the previous week and an almost 400% increase compared to the start of the month.
