The price of PUMP token saw a big surge after the parent platform Pump implemented a major supply reduction. fun, the token surged around 7.6% in just a day. This followed an announcement that nearly $370 million in PUMP tokens—around 36% of its circulating supply—had been permanently burned. This is one of the largest token burns we’ve seen in recent months, and it quickly caught up with traders. Token burns are when assets are burned (through an irreversible transaction to a dead wallet) and help reduce the overall supply in circulation while also enhancing value possibly driven by scarcity. In
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]]>In the cryptocurrency trading world that is always changing, certain wallets become noticeable because of the size and stability of the deals that they make. In the Solana (SOL) space, one address that has been drawing attention in recent months is that of Pumpfun, a user who goes by the handle @pumpdotfun. Consistently over the past several months, this user has appeared to partake in a practice of selling their tokens—making them noticeable, and drawing the question of why this address has been such a consistent seller for such a long period. On just yesterday, when Pumpfun deposited another 117,913
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]]>$RFC (RFindercoin) has achieved an important milestone in the memecoin world: It’s now the 8th largest Pumpfun memecoin by market capitalization and has reached an impressive $40.02 million in that regard. This surge in market cap seems to denote an increasing amount of attention from memecoin enthusiasts and investors alike. What’s more, the $RFC holder base has grown dramatically—almost exponentially—in just the past two weeks that we’ve been covering this story. Rapid Growth: $RFC Gains Nearly 2,350 New Holders in Just 13 Days According to a recent update from StalkChain Token Insider, there were just 7,865 holders of $RFC 13
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]]>Pump.fun, a major player in Solana blockchain’s memecoin scene, breaks records with its latest triumph: It has brought in over $600 million in total fees and now counts more than 15 million active wallets in its growing ecosystem. This rapid growth has the attention of the crypto world, and the latest numbers indicate that Pump.fun has become a dominant decentralized finance (DeFi) player on the Solana network. The most recent data from Dune Analytics, dated March 26, shows that Pump.fun has over 15.17 million wallets now engaging with the platform. Collector’s item: Each fitting depicts a Solana meme. The platform
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]]>In a stunning achievement that has caught the cryptocurrency world, the newly launched decentralized exchange (DEX), PumpSwap, from Pump.fun, has exceeded $1.1 billion in trading volume in just one week. Since its debut on March 19, the DEX has quickly found its footing and is now the most popular DEX on the Solana blockchain. This rapid growth marks a significant milestone for Pump.fun and underscores the DEX’s potential to reshape the decentralized trading landscape—especially in the exploding memecoin sector. PumpSwap’s Meteoric Rise: A New Player in the Solana DEX Market On March 19, the company Pump.fun introduced its latest offering,
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]]>A platform for launching tokens that operates on the Solana blockchain, Pumpfun, has recently disclosed to the public its intentions to launch its own token and conduct a public offering using the Dutch auction model. This move, which has not yet been executed by any other crypto project, was brought to light first by the insider @hebi555 and confirmed by WuBlockchain through multiple sources inside the exchange community. Known for its unique approach to launching tokens, Pumpfun is currently in talks with several centralized exchanges, or CEXs, to develop the necessary systems for this upcoming launch. The choice to employ
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]]>The crypto wallet known as Pumpfun has made waves again, depositing 65,000 SOL (valued at $15.23 million) into Kraken just nine hours ago. This marks another significant movement, bringing Pumpfun’s total deposits to Kraken to 798,869 SOL, worth approximately $154 million. Of this amount, Pumpfun has already sold 264,373 SOL for $41.64 million in USDC. Despite these sales, the wallet remains highly profitable, with total earnings of 1,526,937 SOL, valued at $362 million at current prices. https://twitter.com/lookonchain/status/1862311008414703963?t=7g6oPRwzJG5seLzIH7oWog&s=19 In tandem with Pumpfun’s activity, whale movements in the Solana ecosystem are gaining attention. Two wallets, likely linked to the same individual, have
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]]>Pump.fun, a popular crypto platform, has suspended its livestream feature indefinitely following a series of shocking incidents involving harmful and violent behavior. The platform, known for its bustling community of users trading tokens and hyping market milestones, has faced intense scrutiny over its inability to manage troubling content. Pump Fun has announced an indefinite suspension of its live streaming feature following recent controversies and user concerns regarding content. The platform stated that live streaming will remain disabled until its moderation infrastructure is upgraded to handle higher… — Wu Blockchain (@WuBlockchain) November 25, 2024 In the past 72 hours, several alarming
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Pump.fun is incentivizing memecoin creators to get their tokens off to a successful launch, but the jury’s out whether it will stop bad actors from rugging their tokens early.
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