Pump.fun, a significant player in the memecoin sector, has had dramatic turns of events affecting its price, investor sentiment, and competition with rival platform
LetsBonk.fun. Trading volumes for
Pump.fun showed dramatic surges, often grabbing the lead from LetsBonk.fun, as its coin,
PUMP, became a focus for meme traders. However, amidst such successes, there were troubled times; the platform's revenue once crashed by 80%, while the PUMP's price experienced a steep fall during this period. Intriguingly,
Pump.fun succeeded in generating $600 million during its Initial Coin Offering (ICO), which oversold within 12 minutes, a record-breaking event. This feat notwithstanding, the company faced legal troubles as investors filed a lawsuit claiming the platform operated an illegal gambling scheme. Subsequent events led to a plunge in revenue, stinging from strong rivalry posed by Letsbonk.fun, making
Pump.fun’s dominance in the meme coin trading world shaky. Nevertheless,
Pump.fun continues in assertive efforts to re-establish its dominance, even launching a new revenue sharing initiative, aimed at invigorating activeness on the platform.
FUN Coin News Analytics from Tue, 13 May 2025 07:00:00 GMT to Wed, 06 Aug 2025 20:10:23 GMT -
Rating 4
- Innovation -3
- Information 5
- Rumor -5
