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.
Data showed that Pump.fun generated over 72,000 SOL tokens worth about $14 million in one day.
From failed memecoin stunts and attempted teenage rug pulls on Pump.fun to fake FBI tokens, 2024 didn’t disappoint.
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.
Solana-native Raydium beat Uniswap in decentralized exchange trading volumes in October and November, according to Messari.
A newly launched platform dubbed goose.run lets users lend and borrow against memecoins, its team told Cointelegraph.
The United Kingdom’s financial watchdog has blocked Pump.fun following a warning that the firm is not authorized in the country.
PancakeSwap’s head chef, Chef Kids, told Cointelegraph that SpringBoard is an ecosystem rather than a platform to launch tokens.
Pump.fun’s weekly revenue peaked at $33 million in November before dropping to $11 million the following week.
A notable surge in activity puts analysts’ eyes back on Ethereum. Can the Ethereum network catch up to and surpass Solana?
The private market platform says $15 million in Pump.fun equity is for sale.
An investigation by ZachXBT linked addresses associated with a former professional Fortnite player and cybersecurity analyst to several high-profile account takeovers.
Pump Science partially blamed Solana-based software firm BuilderZ for leaving the private key to the dev wallet address on GitHub for the public to see.
A legal expert says Pump.fun’s extreme livestream content involves threats, scams and illegal behavior that can open up criminal investigations and civil lawsuits.
Memecoins have turned numerous cryptocurrency investors into millionaires despite their intrinsic lack of utility.
Solana’s rally to $222 puts SOL price within 20% of its all-time high.
Raydium (RAY) is on a tear. Despite the usual volatility across all crypto assets, including blue-chip meme coins like Dogecoin and Pepe, the token is up 215% this year. Raydium Rallying But Traders Must Be Cautious Taking to X, the analyst maintains that RAY will likely continue rallying as long as Pump.fun, the meme coin launchpad on Solana, is token-free. RAY is within a breakout pattern at spot rates, easing past March and July highs and printing a new 2024 high in the process. Related Reading: GOAT Outpaces PEPE Growing To $900M Market Cap In 2 Weeks – Details As it is, not only did buyers force the token above these two major liquidation levels, but it impressively shook off the weakness of August and September, more than doubling from September lows in the process. As crypto sentiment improves, the odds of RAY edging higher for the better part of Q4 2024 will only increase. For now, traders expect the “uptober” to benefit altcoins the most. If Bitcoin, Ethereum, and Solana prices tick higher, breaking key resistances in the coming sessions, other quality DeFi tokens, including RAY, will find major tailwinds. Despite the confidence that Q4 of every trading year brings, Bitcoin has been moving sideways, struggling to breach $70,000. If there is an upswing, perhaps triggered by the outcome of the upcoming general election in the United States, RAY could extend gains in the process. Will A Pump.fun Token Slow Down RAY Bulls? The pace at which RAY expands, recouping losses of 2022, will also depend on other market factors, including meme coin activity on Solana. Additionally, traders will determine whether Pump.fun will launch their native utility and governance token. This is crucial because liquid tokens, surpassing the 69 SOL market cap threshold, are automatically listed on Raydium. Related Reading: Top Crypto Analyst Unveils Best Altcoins For The 2025 Bull Run Pump.fun is one of the most active platforms on Solana, aiding the minting of over 2.7 million meme coins on Solana. Due to this, the meme coin launchpad has generated over $152 million in fees, according at Dune Analytics. The eventual launch of a Pump.fun governance token will allow the platform to tap value, taking advantage of its valuation and virality. The team revealed plans to launch their token and a trading bot in a recent Twitter Spaces. As positive as this may be, there is no specific timeline for the token’s launch. A Pump.fun token could attract liquidity away from RAY, possibly dampening the DEX’s growth despite the Pump.fun-Raydium current relationship, investors will find the meme coin launchpad’s token more attractive, especially if it serves a useful purpose and allows holders to participate in governance. Feature image from DALLE, chart from TradingView
Discover Pump.fun, Solana’s memecoin generator, where users can create, trade, and explore customizable meme tokens on the Solana blockchain.
An uptick in Solana’s network activity and upcoming project launches could send SOL price higher.
Tron’s new memecoin deployer SunPump has just overtaken its rival, generating 59% more revenue than pump.fun in the last 24 hours.
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.
Pump.fun said its smart contracts are safe and impacted users will receive “100% of the liquidity” that it previously had within the next 24 hours.