↓ Is the FUN Over? Dissecting the Highs and Lows of Pump.fun's Meme Coin Phenomenon

Pump.fun, a meme coin platform built on Solana, has had a quick rise and fall. It swiftly raised $600 million in a token sale, only for the PUMP token to plummet by 46%, erasing most of its initial gains within a week of its initial coin offering (ICO). Bonk.fun's LetsBONK took over as the leading Solana meme coin platform, surpassing Pump.fun. Amid fierce competition, Pump.fun's PUMP token fell 22% post-ICO. Articles on how to create memecoins on the platform, the potential of Pump.fun's tokens reaching $1 and the prospect of a PUMP token airdrop garnered interest. The token's dipping value sparked the sale or transfer of 60% of the presale tokens by participants. As Pump.fun plans to sell $1 billion worth of tokens in an ICO and aims for a $4 billion valuation, the platform faces criticisms about its sky-high valuation and the long-term sustainability of its tokens. Some believe it’s merely riding the meme coin wave and represents a risky gamble, but the platform has still managed to maintain a strong financial performance by raising $500 million in public sales.

FUN Coin News Analytics from Mon, 10 Feb 2025 08:00:00 GMT to Wed, 23 Jul 2025 20:41:03 GMT - Rating -7 - Innovation -1 - Information 8 - Rumor -5