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.
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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.
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The layer-1 network clocked nearly $3.8 billion in trading volume in the past 24 hours, according to DefiLlama.
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At least 15 suspected insider wallets have acquired over 60.5% of the FOCAI token supply before making an over 136,000-fold return on investment.
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They cited MEV as a major concern and said if they couldn’t build on Solana, they would opt for either Base or Sui.
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Solana started a 10% price reversal less than an hour after Pump.fun completed the second transaction of a $55 million Solana transfer to Kraken exchange.
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Parody X account Richard E. Ptardio was given memecoins using his likeness which he later donated to charity after his holdings reached a peak of $1 million.
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Solana-native Raydium beat Uniswap in decentralized exchange trading volumes in October and November, according to Messari.
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A newly launched platform dubbed goose.run lets users lend and borrow against memecoins, its team told Cointelegraph.
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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 […]
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