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PumpBTC serves as a Liquid Staking Solution for Babylon. PumpBTC aims to help BTC holders maximize yields through Babylon's staking - essentially rebuilding $WBTC/$BTCB/$FBTC with native yield.
Ansem: Buybacks Actually Don’t Do Much – Intangible Value Matters More Than Tangible Value
Odaily News Renowned trader Ansem posted on X, stating that buybacks (for token prices) actually don’t have much effect.Ansem further noted that Hyperliquid's annualized revenue is $800 million, while Pump.fun's annualized revenue is $440 million; however, HYPE's FDV is as high as $65 billion, whereas PUMP's FDV is only $1.4 billion. Both teams regularly use a portion of their business profits for buybacks, yet their P/S ratios are vastly different.This disparity doesn't stem from how much revenue the businesses actually generate, but rather reflects the market's "trust premium" for the teams — a trust determined by their actions and decisions in the market. Hyperliquid never over-promises, focuses purely on product delivery, and generously rewards core users who contribute the most to the platform based on established metrics. In contrast, Pump.fun generated $1 billion in revenue, raised another $1 billion in an ICO, and promised users an airdrop, but has yet to deliver. Despite being one of the most successful and profitable businesses in the crypto industry, they lack a social consensus bond with their core user base and thus cannot achieve the trust premium that Hyperliquid enjoys.Therefore, what determines a business's valuation includes not only the "tangible value" derived purely from revenue and other metrics but also "intangible value." Trust, memetics, and attention are all crucial in the market, yet they are currently discussed far too little.
Pump.fun Burns ~$370M Worth of PUMP Tokens and Launches Programmatic Buyback-and-Burn Mechanism
According to an official announcement by Pump.fun, the platform has completed the burning of all previously repurchased $PUMP tokens, amounting to approximately $370 million—roughly 36% of the circulating supply. The burn was executed via two on-chain transactions at 20:52 UTC. Simultaneously, Pump.fun has launched a programmable buyback-and-burn mechanism, allocating 50% of its net revenue over the next year toward publicly purchasing $PUMP on the open market and immediately burning 100% of the acquired tokens. This mechanism is enforced via an immutable smart contract covering revenue streams from Pump.fun’s three core product lines: the bonding curve, PumpSwap, and Terminal. Its execution comprises four steps: fee collection, aggregation into an intermediate wallet, buyback, and burn—all of which can be tracked in real time at fees.pump.fun. The remaining 50% of revenue will fund operational expenses and ecosystem development, including team expansion, strategic investments, and marketing initiatives. Pump.fun stated that this move aims to address community concerns regarding the token’s long-term value and the transparency of the buyback mechanism, with the overarching goal of continuously reducing the circulating supply.
A trader holds a heavy 10x long position on $PUMP, with an unrealized profit of $246,000.
According to on-chain analysis platform Lookonchain (@lookonchain), trader address 0x3be7 opened a long position of 1.94 billion $PUMP tokens (worth approximately $6 million) with 10x leverage, currently showing an unrealized profit of $246,000, with a current liquidation price of $0.002852.
A whale offloaded 518 million PUMP tokens after holding for 10 months, taking a $580,000 loss and receiving 1.42 million SOL in return
Odaily News: According to on-chain analyst Ember's monitoring, a whale spent $2 million to purchase 518 million PUMP tokens last October, with a buy-in price of $0.00386 per token. An hour ago, the whale liquidated their entire 10-month PUMP position at $0.00274 per token, receiving SOL worth $1.42 million in return—a loss of $580,000, representing a 29% decline.
Pump.fun Team and Investor Tokens Complete Monthly Unlock, 4.94 Billion PUMP Distributed to 125 Wallets
According to on-chain analyst Ember (@EmberCN), Pump.fun team and investor tokens completed their monthly unlock 5 hours ago, unlocking a total of 4.94 billion PUMP (approximately $13.6 million) distributed to 125 wallets, averaging approximately $108,800 per wallet.
Pump.fun team and investors unlock approximately $13.6 million in PUMP monthly, distributed to 125 wallets
Odaily News: According to monitoring by On-chain Analyst, the Pump.fun team and investor tokens underwent their monthly unlock 5 hours ago, with a total of 4.94 billion PUMP unlocked and transferred out, valued at approximately $13.6 million.The PUMP unlocked this time has been distributed to 125 wallets.
Ansem bought PUMP, then 0xbf73 opened a 10x long position on 764 million PUMP
Odaily reports, according to Lookonchain monitoring, after Ansem (@blknoiz06) spent 1500 SOL (worth $115,000) to buy PUMP, trader 0xbf73 opened a 10x long position on 764 million PUMP, worth $1.53 million. The liquidation price is $0.0016194.
Ansem: Bought PUMP Tokens, Monitoring Solana Retail Activity Recovery and Airdrop Stimulus Effects
Ansem posted on platform X, stating that he purchased PUMP tokens at around $0.001675. Ansem noted that pump.fun still generates approximately $30 to $40 million in monthly revenue during the bear market, and believes Solana could once again become a key platform for retail trading activity in this cycle. He further stated that if pump.fun stimulates the meme coin trading ecosystem through an airdrop, with the airdrop scale exceeding $300 million, market trading volume, attention, and activity could see an increase. Additionally, Ansem mentioned that if the price breaks below the low point during the unlock selling period of approximately $0.0014, this investment thesis would be invalidated.
Ansem is bullish on PUMP, calling it undervalued, and believes it could break into the top 10 crypto assets by market cap within two years
Odaily Odaily News: Ansem posted on platform X that he is starting a trading tracking campaign around PUMP, planning to hold from the current cycle bottom all the way to the market top. Ansem stated that his initial position in $PUMP was around $0.001675, and he will now update his trading progress around $0.002544, with plans to continue tracking it to historical highs and beyond. His investment thesis mainly includes: Pump.fun is one of the top three platforms in the crypto industry by revenue, holding approximately $2 billion in cash reserves. However, due to market bias against the tokenization model, its current circulating market cap is around $1 billion, corresponding to a price-to-earnings (P/E) ratio of under 2.8x.Ansem believes that as on-chain activity continues to grow, especially with the further adoption of mobile applications, Pump.fun will be a key beneficiary. If more retail users participate in new token launches through platforms like Ansem's in the future, $PUMP could see even greater growth potential. He predicts that PUMP has a chance to enter the top 10 crypto assets by market cap within the next two years.
Binance Adjusts Collateral Rates for Multiple Assets and Updates Futures Leverage & Margin Tiers
Odaily Odaily News, according to an official announcement, Binance will update the collateral rate and tiered collateral rate for Portfolio Margin and PMPro at 2026-07-24 06:00 UTC (14:00 Beijing time). The affected assets include ALGO, PUMP, WLD, JTO, TRUMP, etc. In addition, Binance Futures will adjust the leverage and margin tiers for several USDⓈ-M perpetual contracts at 06:30 UTC (14:30 Beijing time) on the same day. The contracts include C98USDT, CHRUSDT, LQTYUSDT, NILUSDT, USUALUSDT, SPELLUSDT, ONEUSDT, AEVOUSDT, CGPTUSDT, BANKUSDT, GUNUSDT, LAUSDT, OPNUSDT, KATUSDT, STARUSDT, and ZILUSDT. The announcement reminds users that changes in collateral rates may affect the Unified Maintenance Margin Ratio (uniMMR) and could lead to a risk of position liquidation.
Pump.fun will launch a new token USDC pairing feature on May 21
Odaily Planet Daily reported that Pump.fun will launch a new token USDC pairing feature on May 21, and existing SOL-based pairings will not be affected by this change. Since its launch in January 2024, it is estimated that at least 5.07 million SOL has been locked in liquidity pools, valued at $430 million.According to on-chain data, over $382 million has been allocated for PUMP buybacks, removing 37.9% of the circulating supply from the market and offsetting 13.4% of the total supply. (solanafloor)
Pump.fun Burns ~$370M Worth of PUMP Tokens and Launches Programmatic Buyback-and-Burn Mechanism
According to an official announcement by Pump.fun, the platform has completed the burning of all previously repurchased $PUMP tokens, amounting to approximately $370 million—roughly 36% of the circulating supply. The burn was executed via two on-chain transactions at 20:52 UTC. Simultaneously, Pump.fun has launched a programmable buyback-and-burn mechanism, allocating 50% of its net revenue over the next year toward publicly purchasing $PUMP on the open market and immediately burning 100% of the acquired tokens. This mechanism is enforced via an immutable smart contract covering revenue streams from Pump.fun’s three core product lines: the bonding curve, PumpSwap, and Terminal. Its execution comprises four steps: fee collection, aggregation into an intermediate wallet, buyback, and burn—all of which can be tracked in real time at fees.pump.fun. The remaining 50% of revenue will fund operational expenses and ecosystem development, including team expansion, strategic investments, and marketing initiatives. Pump.fun stated that this move aims to address community concerns regarding the token’s long-term value and the transparency of the buyback mechanism, with the overarching goal of continuously reducing the circulating supply.
Related news
Crypto KOL Ansem Bullish on Blue-Chip Crypto Portfolio, Expects 3x to 5x Returns Over Next Two Years
Crypto KOL Ansem (@blknoiz06) recommended that investors allocate an equal-weight portfolio across $BTC, $ETH, $SOL, $HYPE, and $PUMP, forecasting the overall position could gain 3-5x over the next two years. Ansem specifically highlighted that $HYPE and $PUMP carry the highest risk-reward ratios. Additionally, Ansem added in the comments that $ZEC is also worth monitoring.
A trader holds a heavy 10x long position on $PUMP, with an unrealized profit of $246,000.
According to on-chain analysis platform Lookonchain (@lookonchain), trader address 0x3be7 opened a long position of 1.94 billion $PUMP tokens (worth approximately $6 million) with 10x leverage, currently showing an unrealized profit of $246,000, with a current liquidation price of $0.002852.
A whale offloaded 518 million PUMP tokens after holding for 10 months, taking a $580,000 loss and receiving 1.42 million SOL in return
Odaily News: According to on-chain analyst Ember's monitoring, a whale spent $2 million to purchase 518 million PUMP tokens last October, with a buy-in price of $0.00386 per token. An hour ago, the whale liquidated their entire 10-month PUMP position at $0.00274 per token, receiving SOL worth $1.42 million in return—a loss of $580,000, representing a 29% decline.
PUMP unlocks 4.85 billion tokens, valued at $13.6 million
Odaily News: According to The Data Nerd's monitoring, PUMP unlocked 4.85 billion tokens, valued at $13.6 million, and this batch of tokens has just completed its unlocking.
Pump.fun Team and Investor Tokens Complete Monthly Unlock, 4.94 Billion PUMP Distributed to 125 Wallets
According to on-chain analyst Ember (@EmberCN), Pump.fun team and investor tokens completed their monthly unlock 5 hours ago, unlocking a total of 4.94 billion PUMP (approximately $13.6 million) distributed to 125 wallets, averaging approximately $108,800 per wallet.
Pump.fun team and investors unlock approximately $13.6 million in PUMP monthly, distributed to 125 wallets
Odaily News: According to monitoring by On-chain Analyst, the Pump.fun team and investor tokens underwent their monthly unlock 5 hours ago, with a total of 4.94 billion PUMP unlocked and transferred out, valued at approximately $13.6 million.The PUMP unlocked this time has been distributed to 125 wallets.