Pump.fun, a popular platform for
memecoin trading, launched their
PUMP token via a successful
ICO that raised
$600 million within 12 minutes, claiming a major share of the
meme coin space. However, quickly met with high competition especially from
LetsBonk, which managed to capture a significant number of
memecoin traders, leading to
Pump.fun's revenue plummeting to a 10-month low.
PUMP value experienced a dramatic
46% price crash after peaking, and the platform's daily revenue fell below
$300k.
Solana, prominent amongst
Pump.fun's rivals, witnessed its
meme coin surge. Amidst all this,
Pump.fun faced a
$5.5B lawsuit over allegations of operating an illegal memecoin casino. Controversially, despite these issues,
Pump.fun announced plans for a
$1B token sale at a valuation of
$4B. Regardless, the platform continued its activities, launching
revenue sharing for coin creators to incentivize long-term activity and acquiring
Kolscan in its first purchase, with
gamified trading in sight.
FUN Coin News Analytics from Mon, 10 Feb 2025 08:00:00 GMT to Wed, 30 Jul 2025 10:09:02 GMT -
Rating -5
- Innovation -3
- Information 3
- Rumor 6
