Project
Solana-based memecoin launchpad where users create and trade tokens via bonding curves, earning fees on trades and DEX migrations.
Pump.fun is routing leveraged BTC and ETH perpetuals into Hyperliquid's order books, with reported leverage of up to 40x and 25x. Hyperliquid's engine does the matching and the liquidations, and the perps are barred in the US and Ontario.
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Floyd Mayweather's accounts pushed a Solana meme coin that peaked near $1 million and fell 96% in three hours, Decrypt reported. Promoter Sahil Arora calls it the start of a second wave of celebrity launches.
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Cryptopolitan reports that tokens from the 2024-2026 launch era in the top 100 returned a median of 27.5% while older tokens posted negative returns. The sample describes survivors of one vintage and says little about altcoins as a group.
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Papertrade, a pooled-USDC BTC and ETH betting venue on HyperEVM, booked $37.03 million of revenue in four days, according to DefiLlama. Cryptopolitan describes most of it as trader losses at up to 1000x leverage, so the line holds only while new losses keep arriving.
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Solana takes over 91% of meme-token spot trading on major DEXs, according to Cryptopolitan. Robinhood's share is back to 5% after its August launchpad push, and Solana has led app revenue for ten straight quarters.
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Bitquery estimates Solana sandwich bots took $29.7 million gross over 11 months, before any costs. Jupiter trades allowing 20% to 50% slippage on Pump.fun venues were sandwiched 14 times as often as those under 3%.
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Bubblemaps estimates pump.fun influencer @0xEthan made about $125,000 from 49 token callouts by buying ahead of each post and selling within minutes. By the firm's own split, most of that came from callout rewards, so the front-running trades were the smaller source of income.
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Pump.fun will pay token callers by whether their followers made money, starting with the October 10 payout from its $15 million rewards budget. Low-cap calls will earn a reduced rate, cutting pay for the old tactic of pushing volume into thinly traded tokens.
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Pump.fun kept about $18.6 million of the $52.5 million traders paid in fees in the week to Oct. 7, DefiLlama data show. That income depends on traders rotating into new coins, so it holds up even though Talos found 81% of tracked memecoins down at least 90%.
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Hyperliquid and Pump.fun accounted for nearly 90% of $638 million in crypto buybacks through August, leaving about $64 million for every other project. Slower issuance matters more to most holders, with annual supply growth down about 88% on analyst Jamie Coutts' figures.
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Memecoin-for-stock-token trading on Robinhood Chain fell 96% from a peak of $443 million a day in early September, according to CryptoQuant. The chain's earnings now depend on the plainer stock-token trade it was built to host.
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SEC staff said on September 25 that token buybacks on functioning networks and staking receipts that only record ownership do not create investment contracts. Because they are staff views, live networks can plan repurchases around them while a future SEC or a private plaintiff could still contest them.
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Pump.fun sold 47,994 SOL for $5.83 million, about $121 a coin, taking its cumulative SOL sales past $848 million. At that price it needs about a third more SOL per dollar raised than at its earlier average of roughly $164.
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Arc's mainnet opened with $410.8 million of DEX volume, and $336.3 million of it came off nineteen memecoin launchpads, leaving $74.6 million to test what Circle actually built the chain to settle.
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DeFiLlama's Movers dashboard still has ZEC, HYPE, UNI, XRP and SOL ahead of Bitcoin over 30 days. Over seven days three of the five are negative, with the ten-year near 4.93% and September hike odds around 60%.
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Pump.fun cited community feedback that Cashback still favoured creators of tokens whose development teams had gone, so new launches now choose between paying the team and paying whoever holds the token.
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The 20% tranche aimed at wallets that lost money on TRUMP cannot cover those losses unless LAPTOP clears a valuation TRUMP itself touched only once, which tells you what the allocation is actually for.
Perspective Coverage
10 publishersReality
Custom Pairs makes a tokenized equity the settlement side of a meme trade, which is real distribution attached to a very small destination, since one day of that volume ran about 34 times the deposits in Morpho's SPYx vault.
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The aggregate says buybacks buy nothing, which is true of the median program and false of the two protocols that are almost all of the spending, one of them up 145% in a market down 11.9%.
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US debt crossed $40 trillion and the interest bill now tops Medicare. The buyback that helped move gold and bitcoin was $4 billion, or one hundredth of one percent of the stock.
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